The Domino's Pizza Enterprises Ltd (ASX: DMP) share price is having a cracking day so far this Wednesday. At the time of writing, Domino's shares are up a healthy 7.8% at $51.77 each. But it's highly doubtful that the latest Domino's dividend is responsible for this pleasing rise.
This morning, Domino's reported its latest earnings, covering the 2023 financial year. As we covered at the time, it was a jaw-dropper for all of the wrong reasons.
Domino's did report a 3.5% rise in revenues to $2.35 billion. But net profits were down a nasty 74.4% to $40.6 million, while earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 12.4% to $347.2 million. Earnings per share (EPS) also tanked, sliding 26.9% to $1.39 per share.
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Everything you need to know about this Domino's dividend
As a result, Domino's announced that its final dividend for this year would come in at an unfranked 42.6 cents per share. That's a big 37.4% drop from last year's final dividend of 68.1 cents per share, as well as March's interim dividend which came to 67.4 cents per share.
This payment brings the company's dividends for 2023 to a total of $1.10 per share, which is again a 29.7% drop from 2022's total of $1.565 per share.
Investors will have until 25 August (this Friday) to own Domino's shares if they want to receive this dividend. The company will then trade ex-dividend on Monday 28 August, cutting new investors off from receiving the payment. For eligible shareholders, dividend payday will then come a month later on 28 September.
Investors also have the option to choose Domino's optional dividend reinvestment plan (DRP) if they wish to receive additional Domino's shares in lieu of a cash payment. Shareholders have until 30 August to opt for the DRP, which is running at a 1% discount for this payment.
Right now, the current Domino's share price gives the company a dividend yield of 2.97%.
Domino's Pizza share price snapshot
It's been a bit of a brutal year for Domino's shares. The company remains down a nasty 23.15% over 2023 to date, as well as down almost 24% over the past 12 months:
