5 Best Restaurant Dividend Stocks to Buy

In this article, we discuss 5 best restaurant dividend stocks to buy. If you want to read our detailed analysis of the restaurant sector and its performance, go directly to read 10 Best Restaurant Dividend Stocks to Buy. 

5. Darden Restaurants, Inc. (NYSE:DRI)

Number of Hedge Fund Holders: 30

Darden Restaurants, Inc. (NYSE:DRI) is a Florida-based company that operates a diverse portfolio of full-service restaurants. It is one of the largest casual dining restaurant companies in the United States. On July 6, the company declared an 8.3% hike in its quarterly dividend to $1.31 per share. It has raised its payouts every year since reinstating its dividend in September 2020. The stock has a dividend yield of 3.11%, as recorded on July 13.

In fiscal Q4 2023, Darden Restaurants, Inc. (NYSE:DRI) reported revenue of $2.8 billion, up 6.4% from the same period last year. The company generated $1.55 billion in operating cash flow, compared with $1.26 billion in the prior-year period.

At the end of Q1 2023, 30 hedge funds tracked by Insider Monkey owned stakes in Darden Restaurants, Inc. (NYSE:DRI), worth collectively over $464.5 million. Among these hedge funds, Marshall Wace LLP was the company’s leading stakeholder in Q1.