Travel + Leisure Co. (TNL) to Distribute Quarterly Dividend of $0.60 on December 31st

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, December 11th will be given a dividend of $0.60 per share on Thursday, December 31st. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, December 11th.

Travel + Leisure has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 5 years. Travel + Leisure has a payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Travel + Leisure to earn $8.88 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.0%.

Travel + Leisure Stock Down 3.2%

Shares of Travel + Leisure stock opened at $75.15 on Friday. The firm has a market cap of $4.53 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.76 and a beta of 1.21. The business’s fifty day simple moving average is $66.06 and its 200-day simple moving average is $70.54. Travel + Leisure has a 52 week low of $60.34 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $1.80 earnings per share. As a group, equities analysts expect that Travel + Leisure will post 7.77 earnings per share for the current year.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.