Intercontinental Hotels Group (NYSE:IHG) Plans $1.26 Dividend

Intercontinental Hotels Group (NYSE:IHG) declared a dividend on Thursday, March 5th. Shareholders of record on Friday, April 10th will be given a dividend of 1.259 per share on Thursday, May 14th. This represents a yield of 191.0%. The ex-dividend date is Friday, April 10th.

Intercontinental Hotels Group has raised its dividend payment by an average of 0.1%annually over the last three years. Intercontinental Hotels Group has a dividend payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intercontinental Hotels Group to earn $5.77 per share next year, which means the company should continue to be able to cover its $1.13 annual dividend with an expected future payout ratio of 19.6%.

Intercontinental Hotels Group Stock Performance

Shares of Intercontinental Hotels Group stock traded down $2.15 during trading on Friday, reaching $132.04. The stock had a trading volume of 274,354 shares, compared to its average volume of 286,457. Intercontinental Hotels Group has a 52 week low of $94.78 and a 52 week high of $150.89. The stock has a fifty day moving average price of $140.23 and a two-hundred day moving average price of $131.38.

Intercontinental Hotels Group Company Profile

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.