Travel + Leisure Co. Plans Quarterly Dividend of $0.56 (NYSE:TNL)

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Friday, December 12th will be given a dividend of 0.56 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, December 12th.

Travel + Leisure has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Travel + Leisure has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Travel + Leisure to earn $7.93 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 28.2%.

Travel + Leisure Trading Up 0.9%

TNL opened at $63.23 on Thursday. The stock has a 50-day moving average price of $61.91 and a 200-day moving average price of $56.20. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $70.43. The stock has a market capitalization of $4.07 billion, a P/E ratio of 10.40, a PEG ratio of 0.55 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business earned $1.57 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 1,100 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $65.00, for a total value of $71,500.00. Following the completion of the sale, the insider owned 111,677 shares in the company, valued at approximately $7,259,005. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $66.38, for a total value of $3,319,000.00. Following the completion of the sale, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. This trade represents a 43.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 128,344 shares of company stock worth $8,480,198. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new position in Travel + Leisure during the 2nd quarter valued at approximately $27,000. Elequin Capital LP bought a new position in Travel + Leisure during the 1st quarter valued at approximately $30,000. Parkside Financial Bank & Trust increased its position in Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after buying an additional 382 shares in the last quarter. CNB Bank bought a new position in Travel + Leisure during the 3rd quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. increased its position in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.