Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, Stan's Tacos, Freighters Eatery & Taproom, and Twisted Roosters brand names. As of January 2, 2022, it operated 337 restaurants in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. The company was formerly known as Thomas Edison Inns, Inc. and changed its name to Meritage Hospitality Group Inc. in May 1996. Meritage Hospitality Group Inc. was incorporated in 1986 and is headquartered in Grand Rapids, Michigan.
Meritage Hospitality Dividend Announcement
• Meritage Hospitality announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-07-01. Ex dividend date: 2024-06-14
• Meritage Hospitality annual dividend for 2024 was $0.06
• Meritage Hospitality annual dividend for 2023 was $0.18
• Meritage Hospitality's trailing twelve-month (TTM) dividend yield is 0.78%
• Meritage Hospitality's payout ratio for the trailing twelve months (TTM) is 34.61%
• Meritage Hospitality's dividend growth over the last five years (2018-2023) was 3.71% year
• Meritage Hospitality's dividend growth over the last ten years (2013-2023) was 24.57% year
Meritage Hospitality Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | $0.06 | quarterly | 2024-07-01 |
2023-12-14 | $0.06 | quarterly | 2024-01-01 |
2023-09-14 | $0.09 | quarterly | 2023-10-01 |
2023-06-14 | $0.03 | quarterly | 2023-07-01 |
2022-12-23 | $0.06 | quarterly | 2023-01-12 |
2022-09-14 | $0.12 | quarterly | 2022-10-01 |
2022-06-14 | $0.12 | quarterly | 2022-07-01 |
2021-12-14 | $0.08 | quarterly | 2022-01-01 |
2021-09-14 | $0.08 | quarterly | 2021-10-01 |
2021-06-14 | $0.08 | quarterly | 2021-07-01 |
2021-03-12 | $0.08 | quarterly | 2021-03-26 |
2020-12-18 | $0.07 | quarterly | 2020-12-29 |
2020-02-25 | $0.07 | quarterly | 2020-03-09 |
2019-11-26 | $0.06 | quarterly | 2019-12-10 |
2019-08-28 | $0.06 | quarterly | 2019-09-12 |
2019-05-31 | $0.06 | quarterly | 2019-06-13 |
2019-02-22 | $0.06 | quarterly | 2019-03-07 |
2018-11-26 | $0.06 | quarterly | 2018-12-10 |
2018-08-28 | $0.05 | quarterly | 2018-09-12 |
2018-02-26 | $0.04 | quarterly | 2018-03-12 |
2017-11-17 | $0.03 | quarterly | 2017-12-01 |
2017-09-11 | $0.03 | quarterly | 2017-09-22 |
2017-06-06 | $0.03 | quarterly | 2017-06-22 |
2017-03-06 | $0.02 | quarterly | 2017-03-20 |
2016-11-21 | $0.02 | quarterly | 2016-12-01 |
2016-08-31 | $0.02 | quarterly | |
2016-06-06 | $0.03 | quarterly | |
2015-11-23 | $0.03 | quarterly | |
2015-06-03 | $0.03 | quarterly | |
2014-11-24 | $0.01 | quarterly | |
2014-06-12 | $0.01 | quarterly | |
2013-11-27 | $0.01 | quarterly | |
2013-06-12 | $0.01 | quarterly |
Meritage Hospitality Dividend per year
Meritage Hospitality Dividend growth
Meritage Hospitality Dividend Yield
Meritage Hospitality current trailing twelve-month (TTM) dividend yield is 0.78%. Interested in purchasing Meritage Hospitality stock? Use our calculator to estimate your expected dividend yield:
Meritage Hospitality Financial Ratios
Meritage Hospitality Dividend FAQ
Other factors to consider when evaluating Meritage Hospitality as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Meritage Hospitality's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Meritage Hospitality publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Meritage Hospitality distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Meritage Hospitality are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Meritage Hospitality sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Meritage Hospitality distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Meritage Hospitality declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Meritage Hospitality's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Meritage Hospitality's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.