Wyndham Hotels & Resorts, Inc. (WH) goes ex-dividend on June 14

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

Wyndham Hotels & Resorts has increased its dividend by an average of 5.5% per year for the past three years and has increased its dividend each year for the past 1 years. Wyndham Hotels & Resorts has a payout ratio of 32.2%, indicating that its dividend is sufficiently covered by earnings. Analysts expect Wyndham Hotels & Resorts to earn $3.98 per share next year, meaning the company should continue to be able to cover its annual dividend of $1.28 with a ratio of expected future payout of 32.2%.

Shares of WH opened at $74.64 on Friday. The company has a 50-day simple moving average of $84.47 and a 200-day simple moving average of $84.76. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt ratio of 1.78. The company has a market capitalization of $6.87 billion, a PE ratio of 21.45 and a beta of 1.48. Wyndham Hotels & Resorts has a 52-week minimum of $65.24 and a 52-week maximum of $93.86.

Wyndham Hotels & Resorts (NYSE: WH – Get Rating) last reported quarterly results on Tuesday, April 26. The company reported earnings per share (EPS) of $0.95 for the quarter, beating consensus analyst estimates of $0.67 from $0.28. Wyndham Hotels & Resorts achieved a net margin of 19.91% and a return on equity of 31.60%. In the same period a year earlier, the company posted earnings per share of $0.36. On average, research analysts expect Wyndham Hotels & Resorts to post an EPS of 3.57 for the current year.

Several institutional investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its position in Wyndham Hotels & Resorts shares by 1.5% in the fourth quarter. BlackRock Inc. now owns 7,832,589 shares of the company worth $702,190,000 after acquiring an additional 113,404 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Wyndham Hotels & Resorts shares by 1.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 290,292 shares of the company worth $26,025,000 after acquiring 4,574 additional shares in the last quarter. Morgan Stanley increased its position in Wyndham Hotels & Resorts shares by 9.2% in the second quarter. Morgan Stanley now owns 215,433 shares of the company worth $15,574,000 after acquiring 18,209 more shares in the last quarter. Legal & General Group Plc increased its position in Wyndham Hotels & Resorts shares by 3.4% in the fourth quarter. Legal & General Group Plc now owns 139,795 shares in the company worth $12,533,000 after acquiring an additional 4,590 shares in the last quarter. Finally, Amalgamated Bank increased its position in Wyndham Hotels & Resorts shares by 0.9% in the fourth quarter. Amalgamated Bank now owns 68,314 shares of the company worth $6,124,000 after acquiring 611 additional shares in the last quarter. 92.63% of the shares are currently held by institutional investors.

Several stock analysts have weighed in on WH shares. StockNews.com began covering Wyndham Hotels & Resorts shares in a Thursday, March 31 report. They set a “holding” rating for the company. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, February 19. Two investment analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $92.75.

Wyndham Hotels & Resorts Company Profile (Get an evaluation)

Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise 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.

See also

Dividend history for Wyndham Hotels & Resorts (NYSE: WH)



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