Travel + Leisure Co. (NYSE:TNL) Declares Dividend Increase – $0.56 Per Share

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.56 per share on Monday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, March 17th. This is a 12.0% increase from Travel + Leisure’s previous quarterly dividend of $0.50.

Travel + Leisure has increased its dividend by an average of 26.0% annually over the last three years. Travel + Leisure has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Travel + Leisure to earn $7.93 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 25.2%.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $53.61 on Friday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure has a 52-week low of $39.91 and a 52-week high of $58.95. The stock has a 50-day simple moving average of $53.80 and a 200-day simple moving average of $50.32.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. During the same period last year, the business earned $1.98 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Travel + Leisure will post 6.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TNL shares. Barclays raised their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley began coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Finally, Mizuho reaffirmed a “neutral” rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.70.

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.