SmarterDividends
WEN

Wendy's (WEN) Dividend

The Wendy's Company · Consumer Cyclical · Restaurants · quarterly payer

$8.15

Undervalued · +19% Add to Portfolio

As of Nov 8, 2026, Wendy's (WEN) pays a quarterly dividend of $0.07 per share, or $0.28 a year, a 3.44% yield at its $8.15 share price. The next ex-dividend date is Dec 1, 2026, paid Dec 15, 2026. It has a dividend safety grade of C.

Forward Yield

3.44%

Annual Dividend

$0.28

Payout Ratio

96%

5-Yr Growth

19.8%

Ex-Date

Dec 1, 2026

Frequency

Quarterly

Key facts about WEN's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, The Wendy's Company (WEN) has a forward dividend yield of 3.44%, based on an annual dividend of $0.28 per share and a share price of $8.15.
  • As of Nov 8, 2026, WEN's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
  • WEN last cut its regular dividend in 2025.
  • WEN's next ex-dividend date is Dec 1, 2026, with payment on Dec 15, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, WEN pays out 96% of its trailing 12-month earnings as dividends (its payout ratio).
  • WEN's dividend has grown at an average rate of 19.8% a year over the past five years.
  • As of Nov 8, 2026, WEN's 3.44% yield is 17% below its five-year average yield of 4.13%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for WEN is $9.69 per share, 19% above the $8.15 share price, so WEN screens as undervalued.
  • The Wendy's Company (WEN) pays its dividend quarterly, 4 times a year.
  • The Wendy's Company (WEN) has raised its regular dividend 18 times and cut it 4 times across the 94 payments on record since 2003. Its most recent change was a 50.0% cut to $0.0700 per share, going ex-dividend on Sep 1, 2026.
Cite this page

SmarterDividends, "WEN Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/WEN

Is WEN a good dividend stock?

Mixed

The Wendy's Company (WEN) pays a quarterly dividend yielding 3.44% ($0.28/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 19.8% 5-yr dividend growth

Risks

  • Cut its dividend in 2025
  • Elevated payout ratio (96%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
3.44%
Payout Ratio
96%
Annual Dividend
$0.28
5-Yr Avg Growth
19.8%
Ex-Dividend Date
Dec 1, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.37
Market Cap
$1.6B
P/E Ratio
16.0
5-Yr Total Return
-60%
52-Week Range
$5.94 – $9.45
Dividend Safety
C · 52/100
Ever Cut?
Yes (2025)

WEN dividend raises and cuts

The Wendy's Company (WEN) has raised its regular dividend 18 times and cut it 4 times across the 94 payments on record since 2003. Its most recent change was a 50.0% cut to $0.0700 per share, going ex-dividend on Sep 1, 2026.

Ex-dateChangeOld → newMove
Sep 1, 2026Cut$0.140 → $0.0700−50.0%
Jun 2, 2025Cut$0.250 → $0.140−44.0%
Feb 28, 2023Raise$0.125 → $0.250+100.0%
Mar 4, 2022Raise$0.120 → $0.125+4.2%
Aug 31, 2021Raise$0.100 → $0.120+20.0%
May 28, 2021Raise$0.0900 → $0.100+11.1%
Mar 4, 2021Raise$0.0700 → $0.0900+28.6%
Nov 30, 2020Raise$0.0500 → $0.0700+40.0%
May 29, 2020Cut$0.120 → $0.0500−58.3%
Nov 29, 2019Raise$0.100 → $0.120+20.0%
Feb 28, 2019Raise$0.0850 → $0.100+17.6%
Feb 28, 2018Raise$0.0700 → $0.0850+21.4%
Show all 22 changes since 2005
Ex-dateChangeOld → newMove
Feb 27, 2017Raise$0.0650 → $0.0700+7.7%
Nov 29, 2016Raise$0.0600 → $0.0650+8.3%
Nov 27, 2015Raise$0.0550 → $0.0600+9.1%
Nov 26, 2014Raise$0.0500 → $0.0550+10.0%
Aug 29, 2013Raise$0.0400 → $0.0500+25.0%
Nov 29, 2012Raise$0.0200 → $0.0400+100.0%
Nov 29, 2010Raise$0.0150 → $0.0200+33.3%
Nov 26, 2008Cut$0.0800 → $0.0150−81.3%
May 29, 2008Raise$0.0784 → $0.0800+2.0%
Aug 30, 2005Raise$0.0637 → $0.0784+23.1%
Every WEN payment →Download every raise and cut (CSV)
WEN ex-dividend date & scheduleNext ex-date Dec 1, 2026 · full ex-dividend historyView →WEN dividend historyEvery payment, totals by year, raises and cutsView →WEN dividend calculator100 shares pay $28.00 a year, $7.00 each quarterCalculate →WEN total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is WEN a good dividend stock?

Mixed. The Wendy's Company (WEN) pays a quarterly dividend yielding 3.44% ($0.28/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is WEN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WEN's fair value is about $9.69 versus a $8.15 share price — so it looks undervalued (+19% vs. fair value).

Is WEN's dividend safe?

WEN has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is WEN's fair value?

Our blended fair-value estimate for WEN is about $9.69 per share, roughly 19% above the current $8.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WEN a buy, hold, or sell?

We don't issue formal ratings, but on the data WEN screens as "mixed" and undervalued. The Wendy's Company (WEN) pays a quarterly dividend yielding 3.44% ($0.28/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will WEN cut its dividend?

WEN earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WEN pay a dividend?

Yes. The Wendy's Company pays a quarterly dividend of about $0.28 per share annually, a forward yield of roughly 3.44%.

How much dividend does 100 shares of WEN pay?

At $0.28 per share a year, 100 shares of WEN pay $28.00 a year in dividends before tax, about $7.00 each quarter. Buying them costs about $815 at the Nov 8, 2026 price.

What is WEN's dividend yield?

As of Nov 8, 2026, WEN's forward dividend yield is 3.44%, based on a $0.28 annual dividend and a $8.15 share price.

What is WEN's dividend per share?

As of Nov 8, 2026, WEN pays $0.28 per share per year, distributed on a quarterly basis.

What is WEN's dividend payout ratio?

As of Nov 8, 2026, WEN's payout ratio is 96% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has WEN grown its dividend?

WEN does not currently have a long dividend-growth streak on record.

When is the next WEN ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for WEN is Dec 1, 2026.

WEN Dividend News

WEN
CutWEN·Sep 2, 2026

Wendy’s Cuts Quarterly Dividend in Half to $0.07

Wendy’s reduced its quarterly dividend by 50% as the restaurant chain preserves capital for a business turnaround.

Income Calculator

At $0.28 / yr per share

Per payment (quarterly)$7.00
Annual$28.00
Monthly avg$2.33
Full WEN dividend calculator →

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