Wyndham Destinations (WYND) to Issue $0.41 Quarterly Dividend

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Wyndham Destinations (NASDAQ:WYND) announced a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.41 per share on Friday, December 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, December 13th.

Wyndham Destinations has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings.

NASDAQ WYND opened at $41.88 on Friday. Wyndham Destinations has a 52-week low of $33.61 and a 52-week high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last posted its quarterly earnings data on Thursday, November 1st. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.

In other Wyndham Destinations news, Director Stephen P. Holmes sold 50,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $41.47, for a total value of $2,073,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 767 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $43.68, for a total transaction of $33,502.56. The disclosure for this sale can be found here. Insiders sold 70,767 shares of company stock valued at $2,950,203 over the last three months.

A number of analysts have recently issued reports on the stock. Oppenheimer set a $66.00 price objective on shares of Wyndham Destinations and gave the stock a “buy” rating in a report on Thursday, November 1st. Macquarie raised shares of Wyndham Destinations from an “underperform” rating to a “neutral” rating in a report on Friday, November 2nd. Zacks Investment Research downgraded shares of Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. JPMorgan Chase & Co. dropped their price objective on shares of Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, Credit Suisse Group dropped their price objective on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, August 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wyndham Destinations currently has an average rating of “Buy” and an average price target of $57.50.

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About Wyndham Destinations

Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.

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