Travel + Leisure Co. (TNL) To Go Ex-Dividend on March 20th

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Thursday, March 12th. Investors of record on Friday, March 20th will be given a dividend of 0.60 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 20th. This is a 7.1% increase from Travel + Leisure’s previous quarterly dividend of $0.56.

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 analysts expect Travel + Leisure to earn $7.93 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.3%.

Travel + Leisure Trading Up 2.6%

TNL opened at $70.40 on Wednesday. The firm’s 50 day simple moving average is $72.52 and its two-hundred day simple moving average is $67.64. The company has a market capitalization of $4.39 billion, a PE ratio of 20.65, a PEG ratio of 0.52 and a beta of 1.32. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.83. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Company Profile

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.