Choice Hotels International, Inc. (NYSE:CHH) Plans $0.29 Quarterly Dividend

Key Points

• Choice Hotels International, Inc. has announced a quarterly dividend of $0.29 per share, payable on October 16th to shareholders of record as of October 1st.
• The company has a dividend payout ratio of 15.0%, indicating that its current dividend is well-supported by its earnings.
• During the latest trading session, Choice Hotels' stock fell $1.68 to $112.30, with a market cap of $5.20 billion and a PE ratio of 17.30.

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.2875 per share on Thursday, October 16th. This represents a c) annualized dividend and a dividend yield of 1.0%.

Choice Hotels International has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Choice Hotels International to earn $7.41 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 15.5%.

Choice Hotels International Price Performance

Shares of NYSE CHH traded down $1.68 during mid-day trading on Wednesday, reaching $112.30. 233,831 shares of the company traded hands, compared to its average volume of 421,279. The firm has a market cap of $5.20 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. Choice Hotels International has a fifty-two week low of $111.42 and a fifty-two week high of $157.86. The stock has a fifty day simple moving average of $125.62 and a 200-day simple moving average of $128.00.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.02. The firm had revenue of $426.44 million during the quarter, compared to analyst estimates of $430.13 million. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The company's revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. As a group, analysts predict that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.

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