Booking Holdings Inc. (NASDAQ:BKNG) Announces Quarterly Dividend of $9.60

Key Points

• Booking Holdings Inc. declared a quarterly dividend of $9.60 per share, with a payout date set for September 30th, 2023, following the record date of September 5th.
• The company's payout ratio is 15.5%, suggesting that the dividend is well-covered by earnings, with projected earnings per share of $243.28 for the next year.
• Following a recent earnings report, Booking Holdings exceeded expectations with $55.40 EPS, up from $41.90 in the same quarter last year, coupled with a revenue increase of 16% year-over-year.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Friday, September 5th will be paid a dividend of 9.60 per share by the business services provider on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 0.7%.

Booking has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Booking to earn $243.28 per share next year, which means the company should continue to be able to cover its $38.40 annual dividend with an expected future payout ratio of 15.8%.

Booking Stock Performance

Shares of Booking stock traded down $47.00 on Friday, reaching $5,457.07. 35,317 shares of the company's stock were exchanged, compared to its average volume of 253,481. The company has a market capitalization of $176.86 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The firm's 50-day moving average is $5,567.73 and its two-hundred day moving average is $5,070.33.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $41.90 EPS. On average, analysts expect that Booking will post 209.92 EPS for the current fiscal year.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.