Trip.com Group Limited Declares — Dividend of $0.30 (NASDAQ:TCOM)

Trip.com Group Limited (NASDAQ:TCOM) announced a — dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.30 per share on Friday, April 4th. The ex-dividend date of this dividend is Monday, March 17th.

Trip.com Group has a payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Trip.com Group to earn $3.57 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.4%.

Trip.com Group Trading Up 2.0 %

NASDAQ:TCOM traded up $1.13 during midday trading on Monday, hitting $57.81. 4,775,729 shares of the company traded hands, compared to its average volume of 3,822,510. The firm has a market capitalization of $37.23 billion, a P/E ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 0.37. The firm’s fifty day moving average is $67.39 and its 200-day moving average is $61.99. Trip.com Group has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of research firms recently commented on TCOM. JPMorgan Chase & Co. dropped their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays boosted their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $77.08.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.