DRI raises its quarterly payout by 8% to $1.62, marking the latest increase in its dividend growth streak.
Darden Restaurants announced an 8% increase in its quarterly dividend to $1.62 per share, up from the prior $1.50. The new payout yields 3.09% on a forward basis.
The company last raised its dividend in the same period last year, maintaining a pattern of consistent growth. The dividend is payable August 3 to shareholders of record as of July 10, with an ex-dividend date set for July 10.
No immediate market reaction was disclosed in the announcement.