WEN cuts quarterly dividend 50% to $0.07 per share

WEN (The Wendy's Company) has announced a dividend cut. The new quarterly dividend will be $0.0700 per share, a 50% reduction from the previous $0.1400. The ex-dividend date for this payment is set for 2026-09-01.

The numbers

This marks a significant shift for the company, which had been paying $0.14 per share quarterly for the past several payments. The last six payments were: 2025-06-02 $0.14, 2025-09-02 $0.14, 2025-12-01 $0.14, 2026-03-02 $0.14, 2026-06-01 $0.14, and now 2026-09-01 $0.07. With the new rate, the annualized dividend per share is $0.28, down from the previous $0.56. Based on the current stock price of $8.27, the trailing twelve-month (TTM) yield stands at 5.93%, with a TTM dividend per share of $0.4900. Historically, the company had a strong 5-year dividend CAGR of 18.2%, but it now has zero consecutive years of increases.

What it means for income investors

For income investors, this cut reduces the quarterly income from $14.00 to $7.00 per 100 shares, a decrease of $28.00 annually per 100 shares. The new annualized rate implies a forward yield of approximately 3.39% at the current price, down from the TTM yield. Investors should review their income expectations accordingly. For more details, see the dividend history.

Reporting based on: DividendSmart market data. Figures verified against market data where available.