Darden Restaurants (DRI) announces 10% dividend hike to $1.21 quarterly in 2022 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Darden Restaurants As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Darden Restaurants As of October 10, 2023	DRI	$5.24	8.3%	10.0%	N/A
Full-Service Restaurants	3.8%	3	11.8%	Quarter	1995

Darden Restaurants hikes dividend by 10%

Thursday 23 June 2022

Darden's Board of Directors declared a quarterly cash dividend of $1.21 per share, a 10% increase from third quarter fiscal 2022, on the Company's outstanding common stock. The dividend is payable on August 1, 2022 to shareholders of record at the close of business on July 8, 2022. The new annual dividend rate of $4.84 per share yields 4.2% at a stock price of $114 for Darden.

Darden Restaurants, Inc. is a full-service restaurant company with operations in the United States and Canada. Its brands include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's. Darden Restaurants is a Florida corporation incorporated in March 1995. The company initiated a dividend in 1995 and temporarily suspended its payment in 2020 because of COVID-19. In the fourth quarter of 2020 the dividend was reinstated.

Darden Restaurants

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