Trip.com Group Limited (TCOM) to Issue — Dividend of $0.30 on April 4th

Trip.com Group Limited (NASDAQ:TCOM) announced a — dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.30 per share on Friday, April 4th. The ex-dividend date is Monday, March 17th.

Trip.com Group has a payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Trip.com Group to earn $3.57 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.4%.

Trip.com Group Stock Up 2.0 %

Shares of Trip.com Group stock opened at $62.03 on Friday. The stock has a 50-day moving average price of $65.74 and a 200 day moving average price of $63.06. The company has a market cap of $39.95 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18.

Wall Street Analyst Weigh In

TCOM has been the subject of several research analyst reports. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. Macquarie upped their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, TD Cowen upped their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $77.08.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.