Wyndham Destinations (NASDAQ:WYND) announced a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.41 per share on Friday, December 28th. This represents a $1.64 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, December 13th.

Wyndham Destinations has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings.

Wyndham Destinations stock traded up $0.25 during mid-day trading on Thursday, reaching $41.88. 900,742 shares of the company’s stock were exchanged, compared to its average volume of 2,116,436. Wyndham Destinations has a one year low of $33.61 and a one year high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. The company’s quarterly revenue was up 4.6% compared to the same quarter last year.

In other news, insider Michael Dean Brown bought 6,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were purchased at an average cost of $45.20 per share, for a total transaction of $271,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 767 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $43.68, for a total value of $33,502.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,767 shares of company stock worth $2,950,203.

A number of analysts recently commented on WYND shares. Zacks Investment Research lowered Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. TheStreet lowered Wyndham Destinations from a “b-” rating to a “c+” rating in a report on Wednesday, October 10th. JPMorgan Chase & Co. dropped their price target on Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Credit Suisse Group dropped their price target on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th. Finally, Oppenheimer set a $66.00 price target on Wyndham Destinations and gave the stock a “buy” rating in a report on Thursday, November 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Wyndham Destinations has an average rating of “Buy” and a consensus target price of $57.50.

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About Wyndham Destinations

Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.

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