Wyndham Hotels & Resorts, Inc. (NYSE:WH) Raises Dividend to $0.41 Per Share

Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.41 per share on Monday, March 31st. This represents a $1.64 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, March 17th. This is a 7.9% increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 20.0% per year over the last three years. Wyndham Hotels & Resorts has a dividend payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wyndham Hotels & Resorts to earn $5.48 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 27.7%.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock traded down $1.97 on Friday, hitting $98.44. The stock had a trading volume of 2,076,263 shares, compared to its average volume of 780,487. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $113.07. The business's 50 day moving average is $104.88 and its two-hundred day moving average is $93.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28.

Remove Ads

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WH shares. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Barclays boosted their price target on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Oppenheimer boosted their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.45.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.