Booking Holdings Inc. (BKNG) to Issue Quarterly Dividend of $0.42 on June 30th

Booking Holdings Inc. (NASDAQ:BKNG) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, June 5th will be given a dividend of 0.42 per share by the business services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, June 5th.

Booking has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booking to earn $12.46 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.5%.

Booking Trading Down 3.2%

BKNG traded down $5.62 during midday trading on Thursday, hitting $168.36. The company’s stock had a trading volume of 8,641,807 shares, compared to its average volume of 9,482,036. The firm has a market cap of $133.31 billion, a P/E ratio of 25.34, a PEG ratio of 1.02 and a beta of 1.20. The firm has a 50-day moving average price of $173.66 and a two-hundred day moving average price of $192.32. Booking has a 52-week low of $150.62 and a 52-week high of $233.58.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $27.56 by ($26.42). Booking had a negative return on equity of 128.99% and a net margin of 20.08%.The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities analysts expect that Booking will post 10.64 EPS for the current year.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.