H World Group Limited Plans Variable Dividend of $0.63 (NASDAQ:HTHT)

H World Group Limited (NASDAQ:HTHT) announced a Variable dividend on Tuesday, July 23rd, Zacks reports. Stockholders of record on Wednesday, August 14th will be given a dividend of 0.63 per share on Tuesday, September 3rd. This represents a dividend yield of 3.9%. The ex-dividend date is Wednesday, August 14th.

H World Group has increased its dividend payment by an average of 22.2% annually over the last three years.

H World Group Price Performance

NASDAQ:HTHT traded down $0.04 during trading hours on Tuesday, reaching $29.08. 111,393 shares of the company’s stock were exchanged, compared to its average volume of 1,817,515. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $9.50 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76. H World Group has a 12 month low of $27.03 and a 12 month high of $46.62. The business’s 50-day simple moving average is $32.12 and its two-hundred day simple moving average is $35.53.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Friday, May 17th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $731.00 million during the quarter. H World Group had a return on equity of 28.59% and a net margin of 16.47%. Sell-side analysts expect that H World Group will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HTHT. Macquarie assumed coverage on H World Group in a report on Friday, April 19th. They set an “outperform” rating and a $48.00 price target on the stock. CLSA initiated coverage on shares of H World Group in a report on Friday, April 26th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of H World Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.00.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.