Hyatt Hotels Corporation (NYSE:H) Shareholders to Receive $0.15 Quarterly Dividend

Hyatt Hotels Corporation (NYSE:H) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.15 per share on Monday, December 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, November 23rd.

Hyatt Hotels has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 1 years. Hyatt Hotels has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hyatt Hotels to earn $4.86 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 12.3%.

Hyatt Hotels Price Performance

H traded up $10.96 on Thursday, hitting $184.31. 1,670,163 shares of the company were exchanged, compared to its average volume of 846,428. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The business’s fifty day moving average is $165.76 and its 200 day moving average is $169.68. Hyatt Hotels has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The firm has a market capitalization of $17.37 billion, a P/E ratio of 224.77 and a beta of 1.40.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm earned ($0.30) EPS. As a group, sell-side analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on H. JPMorgan Chase & Co. dropped their price objective on Hyatt Hotels from $209.00 to $207.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Wolfe Research assumed coverage on Hyatt Hotels in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 target price on the stock. Wells Fargo & Company upped their target price on Hyatt Hotels from $184.00 to $189.00 and gave the company an “equal weight” rating in a report on Monday, October 19th. Freedom Broker started coverage on Hyatt Hotels in a research report on Wednesday, October 14th. They issued a “buy” rating and a $192.00 price target for the company. Finally, Mizuho lifted their price target on Hyatt Hotels from $221.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.25.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.