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Darden Restaurants (Darden Restaurants) 3-Year Dividend Growth Rate

: 22.40% (As of Feb. 2024)
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Darden Restaurants's Dividends per Share for the three months ended in Feb. 2024 was $1.31.

The historical rank and industry rank for Darden Restaurants's 3-Year Dividend Growth Rate or its related term are showing as below:

DRI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -15   Med: 14.7   Max: 108
Current: 22.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Darden Restaurants was 108.00% per year. The lowest was -15.00% per year. And the median was 14.70% per year.

DRI's 3-Year Dividend Growth Rate is ranked better than
74.07% of 108 companies
in the Restaurants industry
Industry Median: 7.7 vs DRI: 22.40

During the past 12 months, Darden Restaurants's average Dividends Per Share Growth Rate was 8.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 22.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Darden Restaurants's Dividend Payout Ratio for the three months ended in Feb. 2024 was 0.50. As of today, Darden Restaurants's Dividend Yield % is 3.39%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Restaurants subindustry, Darden Restaurants's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Darden Restaurants 3-Year Dividend Growth Rate Distribution

For the Restaurants industry and Consumer Cyclical sector, Darden Restaurants's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Darden Restaurants's 3-Year Dividend Growth Rate falls into.



Darden Restaurants 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Darden Restaurants  (NYSE:DRI) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Darden Restaurants's Dividend Payout Ratio for the quarter that ended in Feb. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2024 )/ EPS without NRI (Q: Feb. 2024 )
=1.31/ 2.62
=0.50

During the past 13 years, the highest Dividend Payout Ratio of Darden Restaurants was 1.51. The lowest was 0.32. And the median was 0.60.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Darden Restaurants Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.3102024-04-092024-04-102024-05-01Cash DividendquarterlyUSD:USD 1.000000
USD 1.3102024-01-092024-01-102024-02-01Cash DividendquarterlyUSD:USD 1.000000
USD 1.3102023-10-062023-10-102023-11-01Cash DividendquarterlyUSD:USD 1.000000
USD 1.3102023-07-072023-07-102023-08-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Darden Restaurants's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.24/152.50
=3.44 %

Current Share Price is $152.50.
Darden Restaurants's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.24.

During the past 13 years, the highest Dividend Yield of Darden Restaurants was 8.69%. The lowest was 0.45%. And the median was 3.11%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Darden Restaurants 3-Year Dividend Growth Rate Related Terms>


Darden Restaurants (Darden Restaurants) Business Description

Traded in Other Exchanges
Address
1000 Darden Center Drive, Orlando, FL, USA, 32837
Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.
Executives
John W. Madonna officer: SVP, Corporate Controller 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Douglas J. Milanes officer: SVP, Chief Supply Chain Ofcr 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Melvin John Martin officer: President, SRG 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Sarah H. King officer: SVP, Chief HR Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Susan M. Connelly officer: SVP, Chief Comm & PA Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Lee Eugene I Jr officer: President, Speciality Rest Grp 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Rajesh Vennam officer: SVP, CFO and Treasurer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Ricardo Cardenas officer: SVP Chief Strategy Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Matthew R Broad officer: SVP General Counsel C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Todd Burrowes officer: President, LongHorn Steakhouse 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Daniel J. Kiernan officer: President, Olive Garden 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
William S Simon director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Nana Mensah director 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Richard L. Renninger officer: SVP, Chief Development Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Timothy J Wilmott director C/O PENN NATIONAL GAMING, INC., 825 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610

Darden Restaurants (Darden Restaurants) Headlines