Wyndham Worldwide Corp (WYN) To Go Ex-Dividend on November 24th
Wyndham Worldwide Corp (NYSE:WYN) declared a quarterly dividend on Tuesday, November 7th, RTT News reports. Stockholders of record on Monday, November 27th will be paid a dividend of 0.58 per share on Monday, December 11th. This represents a $2.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, November 24th.
Wyndham Worldwide Corp has increased its dividend payment by an average of 19.9% per year over the last three years and has raised its dividend every year for the last 7 years. Wyndham Worldwide Corp has a payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wyndham Worldwide Corp to earn $6.70 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 34.6%.
Wyndham Worldwide Corp (NYSE WYN) opened at $108.76 on Friday. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $11,020.22, a P/E ratio of 17.98 and a beta of 1.35. Wyndham Worldwide Corp has a 52 week low of $71.87 and a 52 week high of $110.74.
Wyndham Worldwide Corp (NYSE:WYN) last announced its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.01. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. research analysts anticipate that Wyndham Worldwide Corp will post 6.04 earnings per share for the current year.
Several brokerages have recently weighed in on WYN. Zacks Investment Research downgraded Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. BidaskClub downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Wyndham Worldwide Corp currently has a consensus rating of “Hold” and an average target price of $108.29.
In related news, Director George Herrera sold 311 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.39% of the stock is currently owned by corporate insiders.
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Wyndham Worldwide Corp declared that its Board of Directors has authorized a stock buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
About Wyndham Worldwide Corp
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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