Wendy's stock as another interesting dividend stock
-Wendy's $WEN+1.7%shares offer an attractive dividend yield of 5.2% while planning to repurchase $500 million worth of shares, showing a commitment to creating shareholder value.
- Wendy's $WEN+1.7% stock is cheaper than the market average, but also cheaper than some comparable companies (e.g. McDonald's or Burger King) , giving room for growth, which new CEO Kirk Tanner, with 30 years of experience at Pepsi, will try to foster.
- Another potential catalyst is pressures from activist investors that can benefit shareholders.
- WEN stock's average target price of$WEN+1.7% of $21.73 implies a 13.9% upside potential.
Interesting dividend, share buyback, new management, what do you think of this company?
Interesting company. Profitability may have dropped quite a bit since 2019, but the revenue and EPS outlook is pretty strong for the next few years - more growth is expected. The company is already one of the more defensive ones based on the chart, so as a dividend portfolio addition, interesting for me.