Booking Holdings Inc. (BKNG) to Issue Quarterly Dividend of $10.50 on March 31st

Booking Holdings Inc. (NASDAQ:BKNG) announced a quarterly dividend on Monday, February 16th. Shareholders of record on Friday, March 6th will be given a dividend of 10.50 per share by the business services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 6th. This is a 9.4% increase from Booking’s previous quarterly dividend of $9.60.

Booking has a payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Booking to earn $243.28 per share next year, which means the company should continue to be able to cover its $42.00 annual dividend with an expected future payout ratio of 17.3%.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $96.42 during trading on Wednesday, hitting $4,250.29. The company’s stock had a trading volume of 43,951 shares, compared to its average volume of 424,215. Booking has a fifty-two week low of $3,765.45 and a fifty-two week high of $5,839.41. The business has a 50 day moving average price of $4,829.64 and a two-hundred day moving average price of $5,114.85. The company has a market capitalization of $134.61 billion, a PE ratio of 25.58, a P/E/G ratio of 0.94 and a beta of 1.21.

Shares of Booking are going to split on Monday, April 6th. The 25-1 split was announced on Wednesday, February 18th. The newly minted shares will be payable to shareholders after the market closes on Thursday, April 2nd.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, February 18th. The business services provider reported $48.80 EPS for the quarter, topping the consensus estimate of $47.96 by $0.84. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Booking had a negative return on equity of 128.99% and a net margin of 20.08%.Booking’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $41.55 EPS. As a group, equities analysts expect that Booking will post 209.92 earnings per share for the current fiscal year.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.