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Darden Restaurants, Inc. reports strong earnings and boosts dividend despite share sales and ownership drop.
Darden Restaurants, Inc. saw a 26.7% drop in shares owned by Confluence Wealth Services Inc. and a recent stock sale by its SVP, Douglas J. Milanes.
The company reported strong quarterly earnings of $2.98 per share, slightly above analyst estimates, and a 10.6% increase in revenue.
Darden also raised its quarterly dividend to $1.50 per share and announced a share buyback program, indicating confidence in its stock value.
The company operates popular brands like Olive Garden and LongHorn Steakhouse.
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Darden Restaurants, Inc. reporta ganancias fuertes y aumenta el dividendo a pesar de las ventas de acciones y la caída de la propiedad.