Wyndham Hotels & Resorts Inc (WH) Declares $0.29 Quarterly Dividend
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.
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.
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
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