Darden Restaurants Increased Its Quarterly Cash Dividend To $1.40/Share, An Increase Of 6.9% From Prior Dividend, Payable August 1
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants has announced a 6.9% increase in its quarterly cash dividend to $1.40 per share, payable on August 1, 2024, to shareholders of record as of July 10, 2024.
June 20, 2024 | 11:10 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Darden Restaurants has increased its quarterly cash dividend by 6.9% to $1.40 per share, payable on August 1, 2024. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend is a positive signal to the market, indicating the company's confidence in its financial stability and future earnings. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100