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

Key Points

• Booking Holdings declared a quarterly dividend of $0.42 per share, payable September 30 to shareholders of record on September 11. The dividend implies a $1.68 annualized payout and roughly a 0.9% yield.
• The dividend appears well covered, with a current payout ratio of 0.7%; based on expected next-year earnings of $12.40 per share, analysts project a future payout ratio of 13.5%.
• Booking’s latest quarter exceeded expectations, reporting $2.54 in adjusted earnings per share versus a $2.43 consensus estimate and $7.35 billion in revenue, up 8.1% year over year.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, September 11th will be paid a dividend of 0.42 per share by the business services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 11th.

Booking has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Booking to earn $12.40 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 Price Performance

Shares of NASDAQ:BKNG opened at $180.30 on Wednesday. Booking has a 12 month low of $150.14 and a 12 month high of $225.00. The firm has a market capitalization of $135.47 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.20 and a beta of 1.07. The company's fifty day moving average price is $194.57 and its 200 day moving average price is $178.72.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the company posted $55.40 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Booking will post 10.48 EPS for the current year.

Booking News Roundup

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Travel demand remains relatively resilient despite geopolitical conflicts and a slowing economy, supporting the longer-term outlook for Booking’s lodging and flight-booking businesses. A recent commentary also described BKNG as a potentially attractive travel stock for investors. Booking Holdings Stock: A Travel Stock to Buy Right Now?
• Positive Sentiment: Recent analysis continues to characterize Booking as a growth stock, while its latest reported quarter showed revenue growth and earnings above analyst expectations, providing fundamental support despite the recent weakness. Why Booking Holdings Is a Strong Growth Stock

About Booking

Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.

Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.

Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.

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