Domino’s Pizza Initiates Dividend As Profit Rises By 23%

Domino’s Pizza Initiates Dividend As Profit Rises By 23%

Domino’s Pizza, Inc. (NYSE:DPZ) reported a strong financial result for the fourth quarter of 2012, which lead the board of directors of the company to approve the distribution of $0.20 quarterly dividend to shareholders on record as of March 15 and it will paid on March 29, 2013.

Domino's Pizza Initiates Dividend As Profit Rises By 23%

The company posted $0.64 earnings per diluted share for the fourth quarter, a 23 percent increase from its $0.52 earnings per diluted share during the same period a year ago. For the fiscal 2012, its adjusted EPS was $2.02. The result was almost 20 percent higher than its $1.69 EPS in fiscal 2011.

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During the fourth quarter, Domino’s Pizza, Inc. (NYSE:DPZ)’s net income was $37.6 million, higher than its $30.9 million recorded net income in the same quarter a year earlier. For 2012, its total net income increased to $112.4 million from $105.4 million.

According to the company, its revenue increased by 7.5 percent and global retail sales increased by 9.7 percent for the fourth quarter. Domino’s Pizza added 492 stores overseas and 21 domestic stores.  As of December 30, 2012, it has a total of 10, 255 stores globally including 4,928 domestic stores and 5,327 international stores.

“Our performance in 2012 was yet another example of the consistent results we have delivered to our shareholders. Our strong global brand is driving a robust record of same store sales growth, new store openings and technological innovation that is building our business globally, ” said J. Patrick Doyle, president and chief executive officer of Domino’s Pizza, Inc. (NYSE:DPZ) in a statement.

Doyle added that the approval of the quarterly dividend and its plan to continue to buy back shares demonstrates the company’s commitment in returning value to its shareholders.

Domino’s Pizza has repurchased more than 1.1 million shares worth approximately $45.5 million. For 2012, the company managed to buy back to 2,472,863 total shares with $88.2 million market value.

Domino’s Pizza, Inc. (NYSE:DPZ) said it does not provide quarter or annual earnings estimates, but the company expects its domestic same store sales to grow by 1  to 3 percent, international same store sales by 3 to 6 percent, and global retail sales by 6 to 10 percent. The company also expects its capital expenditures to be around $25 million to $35 million and its tax rate at around 35.7  to 38.5 percent.

The company ended the quarter with $54.8 million unrestricted cash and cash equivalents, and it has $1.56 billion total debt.

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