Company: Darden Restaurants Inc. (DRI)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Darden Restaurants is the largest restaurant operator in the US full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, CheddarÕs Scratch Kitchen, Ruth’s Chris, Yard House, The Capital Grille, Seasons 52, Eddie VÕs, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2024, the company operated 2,031 restaurants in the US. -Morningstar.com-
Symbol: DRI
Recent Price: $144.08
Dividends: $5.60
Yield: 3.89%
Sector: Consumer Cyclical
Industry: Restaurants
Address & Company Phone #: 1000 Darn Center Dr. Orlando FL 32837, 407-245-4000
Transfer Agent: Equiniti Group plc. 877-602-7596
Moody’s Rating: Baa2
Minimum & Maximum Investment: $50 – $100,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $1000
Fees: Div.: $5+10¢/sh. Cash: $5+10¢/sh. Cert: $0 Sells: by Mail, Phone or Internet for $15+10¢/sh.
52 Week High & Low: $176.84, $133.36