Cracker Barrel Old Country Store (NASDAQ: CBRL) saw its stock surge 5.03% during Tuesday's intraday trading session. The rally comes ahead of the company's Q1 earnings release after the closing bell, with analysts expecting a quarterly loss of 68 cents per share.
Despite the projected loss, investors may be drawn to Cracker Barrel's annual dividend yield of 3.59%, which translates to a quarterly payout of 25 cents per share. The company has beaten revenue estimates in only three of the last 10 quarters, but the dividend appeal could be supporting the stock's upward momentum.