Hyatt Hotels Co. (NYSE:H) Announces Quarterly Dividend of $0.15

Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.15 per share on Friday, December 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, November 22nd.

Hyatt Hotels has increased its dividend by an average of 31.0% per year over the last three years. Hyatt Hotels has a payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hyatt Hotels to earn $3.80 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.8%.

Hyatt Hotels Stock Performance

Shares of NYSE:H traded up $0.29 during trading on Friday, reaching $145.74. The company had a trading volume of 80,888 shares, compared to its average volume of 584,565. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 15.70 and a beta of 1.50. The stock’s fifty day moving average price is $151.00 and its 200 day moving average price is $149.00. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period last year, the firm earned $0.70 EPS. As a group, equities research analysts predict that Hyatt Hotels will post 3.87 EPS for the current year.

Analyst Ratings Changes

H has been the subject of a number of recent research reports. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Evercore ISI increased their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Sanford C. Bernstein dropped their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research note on Tuesday, August 20th. Finally, Truist Financial upped their price target on shares of Hyatt Hotels from $164.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $152.43.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This 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 through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.