Travel + Leisure Co. (NYSE:TNL) to Issue Quarterly Dividend of $0.50

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Wednesday, August 21st, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.50 per share on Monday, September 30th. This represents a $2.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Friday, September 13th.

Travel + Leisure has raised its dividend by an average of 4.0% per year over the last three years. Travel + Leisure has a dividend payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Travel + Leisure to earn $6.42 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 31.2%.

Travel + Leisure Price Performance

TNL opened at $41.72 on Thursday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. The company’s 50 day simple moving average is $44.17 and its 200-day simple moving average is $44.79. Travel + Leisure has a one year low of $32.10 and a one year high of $49.91.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. As a group, analysts anticipate that Travel + Leisure will post 5.67 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TNL. Truist Financial dropped their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Tigress Financial increased their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $56.63.

About Travel + Leisure

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.