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

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 12th will be paid a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, June 12th.

Travel + Leisure has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Travel + Leisure has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Travel + Leisure to earn $8.63 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 27.8%.

Travel + Leisure Price Performance

Shares of TNL opened at $72.25 on Wednesday. Travel + Leisure has a 1-year low of $47.61 and a 1-year high of $81.00. The stock has a market cap of $4.51 billion, a PE ratio of 20.29, a P/E/G ratio of 0.54 and a beta of 1.17. The firm has a 50-day simple moving average of $68.92 and a two-hundred day simple moving average of $70.51.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.81 million. During the same period last year, the business earned $1.11 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Travel + Leisure will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Denny Marie Post sold 2,500 shares of Travel + Leisure stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the transaction, the director owned 1,977 shares in the company, valued at $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the completion of the transaction, the insider owned 33,191 shares of the company’s stock, valued at $2,329,012.47. This represents a 45.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,536 shares of company stock valued at $4,078,007 over the last ninety days. 4.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TNL. Invesco Ltd. lifted its position in shares of Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after buying an additional 146,484 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after buying an additional 855,151 shares during the last quarter. LSV Asset Management lifted its position in shares of Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after buying an additional 17,377 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Travel + Leisure by 21.7% during the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after buying an additional 232,711 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Travel + Leisure by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after buying an additional 10,137 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.