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

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Wednesday, August 21st, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.50 per share on Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, September 13th.

Travel + Leisure has raised its dividend by an average of 4.0% annually over the last three years. Travel + Leisure has a dividend payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Travel + Leisure to earn $6.42 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 31.2%.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $41.72 on Thursday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. Travel + Leisure has a one year low of $32.10 and a one year high of $49.91. The stock’s 50-day moving average is $44.17 and its 200-day moving average is $44.79.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. The firm had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. On average, equities analysts expect that Travel + Leisure will post 5.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TNL. Tigress Financial raised their target price on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Truist Financial decreased their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.63.

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.