Darden Restaurants, Inc. announced a 10% increase in its quarterly dividend, raising it from $1.10 to $1.21 per share, following a solid fiscal fourth-quarter performance. The company reported total sales of $2.6 billion and earnings per share of $2.24, surpassing analysts' expectations despite a 23.6% decline in shares this year. Additionally, Darden's board authorized a $1 billion share repurchase program, emphasizing its commitment to enhancing shareholder value amidst market challenges.
“Darden Restaurants · plans to boost its quarterly dividend to · $1.21 a share · 10% increase from $1.10”
“Darden Restaurants · plans to boost its quarterly dividend to · $1.21 a share · 10% increase from $1.10”
“Darden Restaurants, Inc. · has announced that the dividend · the dividend on 1st of August · increased to US$1.21”
“Darden Restaurants · reported · sales and costs · increasing”
“DRI · reported · EPS and revenue beat · true”
“DRI · raised · dividend · true”
“Darden Restaurants · reported · sales · increasing”
“Darden Restaurants · reported · costs · increasing”
“Darden Restaurants · tries · prices · boost”
“Darden Restaurants · tries · diners · not scare”
“DRI shares · are trading higher by · 2.27% · at $118.22”
“Darden Restaurants · discuss · quarterly earnings · Yahoo Finance Live”