Travel + Leisure Co. (TNL) to Issue Quarterly Dividend of $0.60 on September 30th

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.60 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 16th.

Travel + Leisure has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Travel + Leisure to earn $9.04 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 26.5%.

Travel + Leisure Trading Down 0.2%

TNL stock opened at $77.91 on Thursday. Travel + Leisure has a 1-year low of $57.78 and a 1-year high of $81.00. The stock has a 50-day moving average price of $74.43 and a 200-day moving average price of $71.84. The firm has a market cap of $4.77 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.53 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting analysts’ consensus estimates of $1.88. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. On average, analysts forecast that Travel + Leisure will post 7.68 earnings per share for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 33,744 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the transaction, the insider owned 1,600 shares of the company’s stock, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Herrera sold 500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director directly owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,435 shares of company stock valued at $7,166,474 over the last quarter. Corporate insiders own 4.01% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds have recently made changes to their positions in the business. Danske Bank A S purchased a new position in Travel + Leisure during the third quarter valued at $30,000. Elevation Wealth Partners LLC lifted its position in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after buying an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Travel + Leisure during the fourth quarter worth $43,000. Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the period. Institutional investors own 87.54% of the company’s stock.

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.