Travel + Leisure Co. (TNL) to Distribute Quarterly Dividend of $0.60 on September 30th

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.60 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 16th.

Travel + Leisure has increased its dividend by an average of 0.1%annually 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 $9.14 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 26.3%.

Travel + Leisure Stock Up 0.1%

Shares of Travel + Leisure stock opened at $66.83 on Monday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.45 and a beta of 1.15. Travel + Leisure has a 52 week low of $58.07 and a 52 week high of $81.00. The stock’s 50-day simple moving average is $72.81 and its 200-day simple moving average is $71.64.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $1.65 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts expect that Travel + Leisure will post 7.7 earnings per share for the current year.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 33,744 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the sale, the insider directly owned 1,600 shares in the company, valued at $121,040. This represents a 95.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the transaction, the chief accounting officer owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,135 shares of company stock worth $6,541,139 in the last 90 days. Insiders own 4.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in Travel + Leisure in the first quarter valued at $1,294,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Travel + Leisure in the fourth quarter valued at approximately $2,231,000. LSV Asset Management increased its stake in Travel + Leisure by 1.1% during the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after acquiring an additional 17,377 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Travel + Leisure during the 2nd quarter valued at $7,399,000. Finally, Alyeska Investment Group L.P. purchased a new position in Travel + Leisure in the 2nd quarter worth approximately $35,994,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

About Travel + Leisure

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.