Travel + Leisure Co. (NYSE:TNL) Shareholders to Receive $0.60 Quarterly Dividend

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

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 dividend payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 3.3%

Shares of NYSE TNL opened at $77.87 on Thursday. The firm’s 50-day simple moving average is $66.03 and its 200 day simple moving average is $70.52. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21. Travel + Leisure has a 12-month low of $60.34 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Tuesday, October 27th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.16. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Travel + Leisure will post 7.77 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on TNL shares. Wells Fargo & Company lowered their price target on shares of Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Zacks Research raised Travel + Leisure from a “strong sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price objective on shares of Travel + Leisure in a research report on Thursday, October 22nd. The Goldman Sachs Group decreased their price objective on Travel + Leisure from $87.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Finally, Citigroup reissued a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

About Travel + Leisure

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.