5 Important Dividend Increases to Watch in August

3. Papa John’s International, Inc. (NASDAQ:PZZA)

Dividend Yield as of August 15: 1.83%

Papa John’s International, Inc. (NASDAQ:PZZA) is an Indiana-based American pizza restaurant chain. On August 4, the company announced a 20% hike in its quarterly dividend to $0.42 per share. As of August 15, the stock’s dividend yield came in at 1.83%.

In Q2 2022, Papa John’s International, Inc. (NASDAQ:PZZA) reported a 1.5% year-over-year growth in its revenue to $522.7 million. During the quarter, the company paid $12.5 million in dividends to shareholders. Moreover, it also repurchased $42.8 million worth of shares and had $329.8 million available for repurchase under the outstanding authorization.

Starboard Value LP owned a stake worth over $290.5 million in Papa John’s International, Inc. (NASDAQ:PZZA), becoming the company’s largest stakeholder in Q1 2022. Overall, 27 hedge funds in Insider Monkey’s database owned stakes in the pizza company in Q1, valued collectively at over $608.6 million.