Travel + Leisure Co. (NYSE:TNL) Announces $0.50 Quarterly Dividend

Travel + Leisure Co. (NYSE:TNL - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.50 per share on Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, December 13th.

Travel + Leisure has increased its dividend payment by an average of 4.0% annually over the last three years. Travel + Leisure has a dividend payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Travel + Leisure to earn $6.40 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 31.3%.

Travel + Leisure Price Performance

Shares of NYSE:TNL traded up $0.30 during midday trading on Friday, reaching $53.59. The company had a trading volume of 391,516 shares, compared to its average volume of 589,679. Travel + Leisure has a one year low of $34.12 and a one year high of $53.77. The stock has a market capitalization of $3.67 billion, a P/E ratio of 9.10, a PEG ratio of 0.76 and a beta of 1.61. The stock's fifty day moving average price is $45.80 and its 200-day moving average price is $44.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.54 earnings per share. Travel + Leisure's quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Travel + Leisure will post 5.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

TNL has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Truist Financial dropped their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Tigress Financial boosted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Barclays raised their target price on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $55.67.

Insider Activity

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now directly owns 6,352 shares of the company's stock, valued at approximately $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,448 shares of company stock worth $4,294,241. Company insiders own 4.02% of the company's stock.

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.