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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 dateDividend amountDividend typePay date
2024-06-14$0.06quarterly2024-07-01
2023-12-14$0.06quarterly2024-01-01
2023-09-14$0.09quarterly2023-10-01
2023-06-14$0.03quarterly2023-07-01
2022-12-23$0.06quarterly2023-01-12
2022-09-14$0.12quarterly2022-10-01
2022-06-14$0.12quarterly2022-07-01
2021-12-14$0.08quarterly2022-01-01
2021-09-14$0.08quarterly2021-10-01
2021-06-14$0.08quarterly2021-07-01
2021-03-12$0.08quarterly2021-03-26
2020-12-18$0.07quarterly2020-12-29
2020-02-25$0.07quarterly2020-03-09
2019-11-26$0.06quarterly2019-12-10
2019-08-28$0.06quarterly2019-09-12
2019-05-31$0.06quarterly2019-06-13
2019-02-22$0.06quarterly2019-03-07
2018-11-26$0.06quarterly2018-12-10
2018-08-28$0.05quarterly2018-09-12
2018-02-26$0.04quarterly2018-03-12
2017-11-17$0.03quarterly2017-12-01
2017-09-11$0.03quarterly2017-09-22
2017-06-06$0.03quarterly2017-06-22
2017-03-06$0.02quarterly2017-03-20
2016-11-21$0.02quarterly2016-12-01
2016-08-31$0.02quarterly
2016-06-06$0.03quarterly
2015-11-23$0.03quarterly
2015-06-03$0.03quarterly
2014-11-24$0.01quarterly
2014-06-12$0.01quarterly
2013-11-27$0.01quarterly
2013-06-12$0.01quarterly

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

P/E ratio12.42
PEG ratio0.58
P/B ratio0.80
ROE6.34%
Payout ratio34.61%
Current ratio0.26
Quick ratio0.22
Cash Ratio0.14

Meritage Hospitality Dividend FAQ

How much is the next Meritage Hospitality dividend?
Meritage Hospitality's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Meritage Hospitality dividend. The next Meritage Hospitality dividend will be released in June, September, or December.
When is Meritage Hospitality dividend paid?
Meritage Hospitality pays dividends on a quarterly basis. The specific dates may vary each year but are generally around June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Meritage Hospitality pay?
The specific amount of Meritage Hospitality dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Meritage Hospitality's dividend history.
Does Meritage Hospitality stock pay dividends?
Yes, Meritage Hospitality does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Meritage Hospitality's dividend history.
How much dividend does Meritage Hospitality pay?
Meritage Hospitality paid $0.06 in 2024, $0.18 in 2023, $0.3 in 2022, $0.32 in 2021, and $0.14 in 2020.
How often does Meritage Hospitality pay dividends?
Meritage Hospitality typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around June, September, and December.
What is Meritage Hospitality's dividend yield?
The current dividend yield for Meritage Hospitality is 0.78%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Meritage Hospitality's exact dividend yield.
When does Meritage Hospitality go ex dividend?
Meritage Hospitality's ex-dividend date for the latest dividend was on 2024-06-14. Meritage Hospitality typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Meritage Hospitality dividend paid?
Meritage Hospitality pays dividends on a quarterly basis, typically around June, September, or December, but the exact dates can vary each year.
Will Meritage Hospitality increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Meritage Hospitality will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Meritage Hospitality dividend per share?
Meritage Hospitality paid $0.06 per share in 2024 and $0.18 per share in 2023. The amount of dividend per share that Meritage Hospitality pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Meritage Hospitality a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Meritage Hospitality a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Meritage Hospitality a dividend stock?
Yes, Meritage Hospitality is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Meritage Hospitality a good dividend stock?
Whether Meritage Hospitality is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Meritage Hospitality has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Meritage Hospitality pay dividends monthly?
Meritage Hospitality typically pays dividends on a quarterly basis.
Does Meritage Hospitality pay dividends quarterly?
Meritage Hospitality currently pays dividends on a quarterly basis.
Has Meritage Hospitality ever paid a dividend?
Yes, Meritage Hospitality has a history of paying dividends to its shareholders. Meritage Hospitality is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Meritage Hospitality dividend stocks?
To buy Meritage Hospitality you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Meritage Hospitality stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Meritage Hospitality pay dividends 2024?
Meritage Hospitality pays dividends on a quarterly basis. 2024 dividend payments are in 2024-07-01. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Meritage Hospitality increase its dividend in 2024?
Decisions regarding Meritage Hospitality dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Meritage Hospitality dividend overview you can look into the above table of dividend history.
How Meritage Hospitality dividend works?
The Meritage Hospitality dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Meritage Hospitality's dividend process works:

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.
How are Meritage Hospitality dividends paid?
Meritage Hospitality dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Meritage Hospitality pay dividends?
Meritage Hospitality typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Meritage Hospitality pay dividends?
The general pattern is that Meritage Hospitality pays dividends around June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Meritage Hospitality dividend safe?
The safety of Meritage Hospitality's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.