Darden Restaurants: Dividend Yield Amid Gas Price Squeeze
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Darden Restaurants, owner of Olive Garden and LongHorn Steakhouse, faces challenges due to rising gas prices, leading to a drop in shares. However, its three percent dividend yield and steady dividend increases make it attractive for income-focused investors. Despite high beef prices, Darden reported strong second-quarter sales and expects full-year growth. Gas prices remain a key risk, but analysts rate it a buy with a target eleven point six percent above current levels.
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