Why Domino's Pizza Stock Soared Monday
DPZDomino’s Pizza(DPZ) The Motley Fool·2024-02-27 01:10

Investors were hungry for Domino's Pizza (DPZ 6.61%) stock Monday morning. The company reported fourth-quarter and full-year 2023 results before the bell, and beat earnings expectations. Management also reiterated how it plans to continue to grow. Investors cheered the report, pushing the pizza chain's shares up by as much as 10%. As of 11:57 a.m. ET, the stock remained up by 6.5%.Huge dividend hikeDomino's also raised its quarterly dividend by a whopping 25%, boosting its annual dividend yield to about 1.3 ...