Wyndham Hotels & Resorts, Inc. (NYSE:WH) Plans Quarterly Dividend of $0.32

Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) declared a quarterly dividend on Wednesday, May 11th, Zacks reports. Stockholders of record on Wednesday, June 15th will be given a dividend of 0.32 per share on Wednesday, June 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, June 14th.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 5.5% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Wyndham Hotels & Resorts has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wyndham Hotels & Resorts to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

WH stock opened at $74.64 on Friday. The stock has a market capitalization of $6.87 billion, a PE ratio of 21.45 and a beta of 1.48. The company’s 50-day moving average is $84.47 and its 200-day moving average is $84.76. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.13 and a quick ratio of 2.13. Wyndham Hotels & Resorts has a 1 year low of $65.24 and a 1 year high of $93.86.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.28. Wyndham Hotels & Resorts had a net margin of 19.91% and a return on equity of 31.60%. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, analysts anticipate that Wyndham Hotels & Resorts will post 3.57 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its position in shares of Wyndham Hotels & Resorts by 9.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 53,496 shares of the company’s stock worth $4,663,000 after buying an additional 4,475 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $723,000. Panagora Asset Management Inc. purchased a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $1,358,000. Citigroup Inc. increased its stake in shares of Wyndham Hotels & Resorts by 7.8% during the 1st quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock worth $3,268,000 after purchasing an additional 2,783 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Wyndham Hotels & Resorts by 5.4% during the 1st quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock worth $558,000 after purchasing an additional 340 shares during the last quarter. 92.63% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on WH shares. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, February 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $92.75.

Wyndham Hotels & Resorts Company Profile (Get Rating)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

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