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

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.50 per share on Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, December 13th.

Travel + Leisure has raised its dividend payment by an average of 4.0% annually over the last three years. Travel + Leisure has a payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.2 %

Shares of Travel + Leisure stock traded up $0.09 during trading hours on Friday, reaching $53.38. The stock had a trading volume of 6,003 shares, compared to its average volume of 587,902. Travel + Leisure has a twelve month low of $34.12 and a twelve month high of $53.52. The firm has a market capitalization of $3.65 billion, a PE ratio of 9.05, a PEG ratio of 0.76 and a beta of 1.61. The stock’s 50 day moving average is $45.80 and its 200 day moving average is $44.95.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS 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 company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.54 earnings per share. Travel + Leisure’s quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that Travel + Leisure will post 5.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This represents 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 link. In other news, insider Geoffrey Richards sold 5,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now directly owns 125,209 shares of the company’s stock, valued at approximately $6,530,901.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,448 shares of company stock valued at $4,294,241 over the last ninety days. Company insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. 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, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $55.67.

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.