Darden Restaurants hikes dividend by 8%
The latest increase extends Darden Restaurants' dividend growth streak to six consecutive years. At a share price of $213.72, the dividend corresponds to a yield of approximately 3.0%. The ex-dividend date is July 10, 2026. Darden has paid dividends to shareholders since 1995 and currently has a market capitalization of approximately $24.5 billion.
The latest increase of 8.0% follows a 7.1% dividend hike in 2025 and a 6.9% increase in 2024. Dividend growth resumed after the pandemic, with Darden also raising its dividend by 10.0% in 2022. The company paid no dividend in 2021 following the 58% dividend reduction announced in 2020.
Darden Restaurants is one of the largest full-service restaurant companies in the United States, operating brands including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, Ruth's Chris Steak House and several other restaurant concepts. For more information, you can visit the website of Darden Restaurants.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.
