Choice Hotels International Inc (CHH) To Go Ex-Dividend on April 1st
Choice Hotels International Inc (NYSE:CHH) declared a quarterly dividend on Monday, February 25th, RTT News reports. Stockholders of record on Tuesday, April 2nd will be given a dividend of 0.215 per share on Wednesday, April 17th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, April 1st.
Choice Hotels International has increased its dividend by an average of 3.3% per year over the last three years. Choice Hotels International has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Choice Hotels International to earn $4.32 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 19.9%.
Choice Hotels International stock opened at $77.00 on Wednesday. The stock has a market capitalization of $4.26 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. Choice Hotels International has a 52 week low of $66.71 and a 52 week high of $84.55.
In other Choice Hotels International news, insider David A. Pepper sold 7,655 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $79.76, for a total transaction of $610,562.80. Following the sale, the insider now directly owns 90,483 shares of the company’s stock, valued at $7,216,924.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 6,410 shares of Choice Hotels International stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $77.72, for a total value of $498,185.20. Following the sale, the insider now directly owns 17,216 shares in the company, valued at $1,338,027.52. The disclosure for this sale can be found here. 24.38% of the stock is currently owned by insiders.
CHH has been the topic of several research reports. Deutsche Bank restated a “hold” rating and set a $76.00 price target on shares of Choice Hotels International in a research note on Sunday, February 17th. SunTrust Banks boosted their price target on Choice Hotels International from $80.00 to $87.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Choice Hotels International in a report on Tuesday, December 11th. Morgan Stanley set a $74.00 price objective on Choice Hotels International and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.38.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/choice-hotels-international-inc-chh-to-go-ex-dividend-on-april-1st/2921018.html.
About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
Recommended Story: Why are gap-down stocks important?
Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.