Travel + Leisure Co. (NYSE:TNL) Plans Quarterly Dividend of $0.56

Key Points

• Travel + Leisure Co. announced a quarterly dividend of $0.56 per share, which will be paid to investors on September 30th, indicating a 3.6% dividend yield.
• The company reported a net margin of 10.14% for the last quarter, with revenue increasing by 3.4% year-over-year, although earnings per share slightly missed analyst expectations.
• Insider sales were significant, with notable transactions from Geoffrey Richards and Thomas Michael Duncan, resulting in a 51.18% and 29.08% decrease in their ownership stakes, respectively.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) declared a quarterly dividend on Wednesday, August 13th, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.56 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 12th.

Travel + Leisure has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Travel + Leisure to earn $7.93 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 28.2%.

Travel + Leisure Trading Up 0.1%

Travel + Leisure stock traded up $0.06 during trading on Monday, hitting $60.18. The company had a trading volume of 53,082 shares, compared to its average volume of 693,954. The company's 50 day simple moving average is $55.86 and its 200-day simple moving average is $51.32. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $63.31. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. Travel + Leisure's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. As a group, analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.