Hilton Worldwide Holdings Inc. Plans Quarterly Dividend of $0.15 (NYSE:HLT)

Key Points

• Hilton Worldwide Holdings Inc. announced a quarterly dividend of $0.15 per share, payable on December 29, 2023, to stockholders of record as of November 21, 2023, resulting in a dividend yield of 0.2%.
• For Q3, Hilton reported earnings of $2.11 per share, exceeding estimates by $0.06, and had quarterly revenues of $3.12 billion, up 8.8% compared to the prior year.
• Hilton's dividend payout ratio stands at 6.7%, indicating that its dividends are well-supported by its earnings, with expectations for continued coverage in the upcoming fiscal year.

Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 21st will be given a dividend of 0.15 per share on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 21st.

Hilton Worldwide has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hilton Worldwide to earn $9.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 6.5%.

Hilton Worldwide Trading Up 3.2%

Shares of HLT traded up $8.42 during trading hours on Wednesday, hitting $274.38. The company had a trading volume of 3,197,951 shares, compared to its average volume of 1,958,112. The company's fifty day moving average price is $268.02 and its two-hundred day moving average price is $255.31. Hilton Worldwide has a one year low of $196.04 and a one year high of $279.80. The company has a market capitalization of $64.53 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%.The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted $1.92 EPS. The firm's quarterly revenue was up 8.8% compared to the same quarter last year. Hilton Worldwide has set its Q4 2025 guidance at 1.940-2.030 EPS. FY 2025 guidance at 7.970-8.060 EPS. Analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current year.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

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