Wyndham Hotels & Resorts, Inc. (NYSE:WH) Announces $0.38 Quarterly Dividend

Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) announced a quarterly dividend on Friday, May 10th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.38 per share on Friday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, June 14th.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 35.7% per year over the last three years and has raised its dividend every year for the last 2 years. Wyndham Hotels & Resorts has a dividend payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wyndham Hotels & Resorts to earn $4.73 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 32.1%.

Wyndham Hotels & Resorts Trading Down 0.9 %

Shares of Wyndham Hotels & Resorts stock traded down $0.64 during trading on Friday, reaching $72.24. 643,275 shares of the company were exchanged, compared to its average volume of 804,089. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.61 and a beta of 1.33. The business has a 50-day moving average price of $74.42 and a 200-day moving average price of $76.86.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. Wyndham Hotels & Resorts's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.25 EPS for the current fiscal year.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now owns 11,404 shares of the company's stock, valued at $900,916. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Nicola Rossi sold 3,200 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now owns 11,404 shares of the company's stock, valued at $900,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly owns 377,712 shares in the company, valued at $27,708,952.32. The disclosure for this sale can be found here. 2.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WH. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Sunday, May 5th. They issued a "hold" rating for the company. Finally, Barclays upped their price objective on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an "overweight" rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $88.17.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.