Wyndham Hotels & Resorts Inc (NYSE:WH) announced a quarterly dividend on Wednesday, May 15th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.29 per share on Friday, June 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, June 13th.

Wyndham Hotels & Resorts has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wyndham Hotels & Resorts to earn $3.55 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 32.7%.

WH stock traded down $0.01 during mid-day trading on Wednesday, reaching $54.88. The company’s stock had a trading volume of 443,311 shares, compared to its average volume of 1,003,983. The company has a market cap of $5.25 billion and a P/E ratio of 20.30. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.17 and a current ratio of 1.17. Wyndham Hotels & Resorts has a 12 month low of $43.03 and a 12 month high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. The business had revenue of $468.00 million during the quarter, compared to the consensus estimate of $448.71 million. Wyndham Hotels & Resorts had a return on equity of 18.80% and a net margin of 7.03%. The firm’s revenue for the quarter was up 55.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, research analysts predict that Wyndham Hotels & Resorts will post 3.18 earnings per share for the current year.

In related news, insider Stephen P. Holmes sold 75,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $56.16, for a total transaction of $4,212,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicola Rossi sold 2,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. The disclosure for this sale can be found here. Insiders sold 104,000 shares of company stock valued at $5,769,150 in the last three months. Insiders own 1.90% of the company’s stock.

A number of equities research analysts have commented on WH shares. Oppenheimer set a $69.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Thursday, February 14th. Jefferies Financial Group set a $72.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research cut Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Wyndham Hotels & Resorts has a consensus rating of “Buy” and an average price target of $69.88.

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Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

Further Reading: Percentage Gainers

Dividend History for Wyndham Hotels & Resorts (NYSE:WH)

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