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

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 12th will be given a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, June 12th.

Travel + Leisure has increased 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% 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 Trading Up 3.6%

Shares of TNL opened at $64.98 on Thursday. Travel + Leisure has a 1 year low of $46.75 and a 1 year high of $81.00. The stock has a 50 day simple moving average of $69.26 and a 200-day simple moving average of $69.93. The stock has a market cap of $4.06 billion, a PE ratio of 18.25, a PEG ratio of 0.48 and a beta of 1.17.

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