Travel + Leisure Co. (NYSE:TNL) Stock to Pay Quarterly Dividend of $0.60

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.60 per share on Thursday, December 31st. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, December 11th.

Travel + Leisure has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 5 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 $8.88 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 27.0%.

Travel + Leisure Price Performance

Shares of TNL stock opened at $77.87 on Thursday. The company has a market capitalization of $4.69 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21. The firm’s 50-day moving average is $66.03 and its two-hundred day moving average is $70.52. Travel + Leisure has a 12 month low of $60.34 and a 12 month high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 earnings per share. Sell-side analysts forecast that Travel + Leisure will post 7.77 EPS for the current year.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.