Wingstop hikes the dividend by 15.8% to $0.22 quarterly in 2023

Wingstop Inc. (WING) announced a 15.8% dividend hike to 22 cents quarterly per share, marking 6 consecutive years of double digit dividend growth. The dividend yield for WING is 0.53% at a stock price of $162.

In recognition of the Company's strong cash flow generation and our commitment to returning value to stockholders, on August 1, 2023, our board of directors approved an increase in the quarterly dividend payable to Wingstop stockholders from $0.19 to $0.22 per share of common stock, resulting in a total dividend of approximately $6.6 million. This dividend will be paid on September 8, 2023 to stockholders of record as of August 18, 2023.

Wingstop Inc. operates and franchises restaurants across the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, Colombia, and Panama. The Wing Experts’ menu features classic and boneless wings with bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub, and Mango Habanero. Wingstop’s wings are always cooked to order, hand-sauced and tossed and served with a variety of house-made sides including fresh-cut, seasoned fries. Wingstop was founded in 1994 and headquartered in Dallas, Texas.