Travel + Leisure Co. (NYSE:TNL) Shares Set to Pay Quarterly Dividend of $0.60

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Wednesday, November 4th. Stockholders 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, December 11th.

Travel + Leisure has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 5 years. Travel + Leisure has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.3%

Shares of TNL opened at $77.87 on Thursday. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 0.74 and a beta of 1.21. The firm’s fifty day simple moving average is $66.03 and its 200-day simple moving average is $70.52. Travel + Leisure has a twelve month low of $60.34 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Travel + Leisure will post 7.77 earnings per share for the current fiscal 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.