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

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend 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 payment 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 traded up $0.12 on Friday, reaching $53.61. The company had a trading volume of 731,454 shares, compared to its average volume of 569,007. 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 1 year low of $39.91 and a 1 year high of $58.95. The firm’s 50-day moving average price is $53.80 and its two-hundred day moving average price is $50.32.

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

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of analyst reports. Barclays lifted their price target on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Morgan Stanley began coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price on the stock. Stifel Nicolaus raised their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Truist Financial lifted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average 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.