Booking Holdings Inc. (NASDAQ:BKNG) Plans Quarterly Dividend of $0.42

Key Points

• Dividend declared: Booking Holdings announced a quarterly dividend of $0.42 per share (annualized $1.68) with a record date of June 5 and payment on June 30, implying a yield of about 1.0%.
• Dividend well covered: The company has a reported dividend payout ratio of 0.7%, and analysts forecast $12.46 EPS next year, which would imply a future payout ratio near 13.5%, suggesting sustainable coverage.
• Recent results and stock move: Booking reported $1.14 EPS for the quarter (missing a cited consensus), revenue of $5.53 billion, and its shares traded around $168.36 (market cap ~$133.3B, PE ~25.3) amid recent volatility.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.42 per share by the business services provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th.

Booking has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Booking to earn $12.46 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.5%.

Booking Stock Performance

Shares of Booking stock traded down $5.62 during trading hours on Thursday, hitting $168.36. The company's stock had a trading volume of 8,635,015 shares, compared to its average volume of 9,446,202. The business has a 50 day moving average price of $173.66 and a two-hundred day moving average price of $192.32. Booking has a 12-month low of $150.62 and a 12-month high of $233.58. The company has a market cap of $133.31 billion, a PE ratio of 25.34, a PEG ratio of 1.02 and a beta of 1.20.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $27.56 by ($26.42). The business had revenue of $5.53 billion during the quarter, compared to analysts' expectations of $5.51 billion. Booking had a net margin of 20.08% and a negative return on equity of 128.99%. Booking's revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, research analysts anticipate that Booking will post 10.64 earnings per share for the current year.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company's businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.

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