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

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 paid a dividend of 0.56 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 12th.

Travel + Leisure has a dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.2%

Travel + Leisure stock traded down $0.12 during trading hours on Monday, hitting $60.00. The stock had a trading volume of 602,663 shares, compared to its average volume of 811,971. The stock's 50-day moving average price is $56.06 and its 200-day moving average price is $51.36. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $63.31. The stock has a market capitalization of $3.90 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43.

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

Travel + Leisure Company Profile

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.