Travel + Leisure Co. (NYSE:TNL) to Issue $0.60 Quarterly Dividend

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.60 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 16th.

Travel + Leisure has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Travel + Leisure has a dividend payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Travel + Leisure to earn $8.83 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.2%.

Travel + Leisure Trading Up 0.1%

TNL stock opened at $78.10 on Wednesday. The firm has a market cap of $4.78 billion, a P/E ratio of 21.34, a P/E/G ratio of 0.57 and a beta of 1.17. Travel + Leisure has a 12-month low of $57.78 and a 12-month high of $81.00. The stock’s 50 day simple moving average is $74.25 and its 200 day simple moving average is $71.81.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure will post 7.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Barclays raised their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Morgan Stanley raised their target price on Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $86.90.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.