DineEquity, Inc. announced that its Board of Directors declared a second quarter cash dividend of $0.75 per share of common stock. The dividend will be payable on June 28, 2013 to the company's shareholders of record as of the close of business on June 14, 2013.

DineEquity, Inc. reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported adjusted net income available to common stockholders was $21.8 million, representing adjusted earnings per diluted share of $1.14. This compares to $24.6 million, or adjusted earnings per diluted share of $1.36, for the first quarter of 2012. The decrease was mainly due to, as expected, lower segment profit as a result of DineEquity's ownership of significantly fewer Applebee's company-operated restaurants compared to the same quarter of 2012. GAAP net income available to common stockholders was $17.9 million, or earnings per diluted share of $0.93 for the first quarter of 2013, compared to $29.9 million, or earnings per diluted share of $1.64, for the first quarter of 2012. The decrease was primarily due to lower asset disposition gains and, as expected, lower segment profit resulting from refranchising. EBITDA was $73.7 million for the first quarter of 2013. Free cash flow was $59.0 million compared to $44.0 million in the first quarter of 2012. The company reported total segment revenues of $163.2 million compared to $245.6 million, income before income taxes of $30.2 million compared to $49.0 million, cash flows provided by operating activities of $71.2 million compared to $44.7 million and additions to property and equipment of $1.5 million compared to $4.2 million for the last year. The company reiterates its financial performance guidance for fiscal year 2013 contained in the press release issued on February 27, 2013. The company still expects the full year tax rate to be approximately 38%.

DineEquity, Inc., Q1 2013 Earnings Call, May 02, 2013