DineEquity (DIN) raises quarterly dividend 5% to $0.92

DineEquity raises quarterly dividend 5%, boosts common share repurchase authorization to $150 mln

Div/yield 0.92/4.06

Co announced approval by its Board of Directors of a 5% increase in the Co's quarterly cash dividend to $0.92 per share of common stock

The Board of Directors also approved an increase in the share repurchase authorization for the Co's common stock, effective immediately, to $150 million from the remaining previous authorization of ~$63 million.

The Co anticipates using the majority of its remaining free cash flow after dividend payments for share repurchases.

** update 7 weeks later : $DIN dropped almost another $10