Travel + Leisure Co. (NYSE:TNL) Announces $0.60 Quarterly Dividend

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, September 16th will be given a dividend of 0.60 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 16th.

Travel + Leisure has increased its dividend payment by an average of 0.1%per year 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Travel + Leisure to earn $8.83 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 27.2%.

Travel + Leisure Stock Performance

Shares of TNL opened at $77.98 on Wednesday. The stock has a market capitalization of $4.77 billion, a PE ratio of 21.31, a P/E/G ratio of 0.57 and a beta of 1.17. The company’s fifty day moving average is $74.25 and its 200 day moving average is $71.81. Travel + Leisure has a fifty-two week low of $57.78 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.65 earnings per share. Travel + Leisure’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Travel + Leisure will post 7.68 earnings per share for the current year.

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.