Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Free Report) announced a quarterly dividend on Monday, April 27th. Investors of record on Friday, May 22nd will be paid a dividend of 0.15 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd.
Hilton Worldwide has increased its dividend payment by an average of 0.3%annually over the last three years. Hilton Worldwide has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Hilton Worldwide to earn $10.54 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 5.7%.
Hilton Worldwide Price Performance
Shares of HLT opened at $315.36 on Wednesday. Hilton Worldwide has a one year low of $241.45 and a one year high of $344.75. The firm has a market capitalization of $71.79 billion, a P/E ratio of 48.15, a PEG ratio of 2.77 and a beta of 1.06. The business has a fifty day moving average of $313.54 and a 200 day moving average of $299.24.
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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