Nibble On This Restaurant Franchiser For A Juicy 8.1% Yield
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I Flipped With Enthusiasm for DineEquity’s IHOP
As a consumer and patron of both Applebee’s and IHOP restaurants, I’ve had my eye on the parent company for some time. The food at both establishments has been both good and mouth watering over the years, but the stock price and dividend yield not so much. Until now.
Based in Glendale, California, DineEquity, Inc. (NYSE:DIN) through its subsidiaries franchises restaurants under the Applebee’s Neighborhood Grill & Bar brand and franchises and operates restaurants under the IHOP brand. With more than 3,700 restaurants combined in 18 countries and three U.S. territories and approximately 400 franchisees, DineEquity is one of the largest full-service restaurant companies in the world.
DineEquity, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. The company operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. It owns and operates two restaurant concepts, including Applebee’s Neighborhood Grill & Bar (Applebee’s) in the bar and grill segment of the casual dining category of the restaurant industry, and International House of Pancakes (IHOP) in the family dining category of the restaurant industry. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services, and IHOP restaurants provide full table services, and food and beverage offerings. As of December 31, 2016, it had 2,016 Applebee’s franchised restaurants, 1,723 IHOP franchised and area licensed restaurants, and 10 IHOP company-operated restaurants. DineEquity, Inc. is also involved in the lease or…