Travel + Leisure Co. (TNL) to Issue Quarterly Dividend of $0.56 on March 31st

Travel + Leisure Co. (NYSE:TNL) declared a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.56 per share on Monday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 4.66%. 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 raised its dividend by an average of 26.0% annually over the last three years. Travel + Leisure has a payout ratio of 27.2% indicating that 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

NYSE TNL opened at $48.04 on Friday. Travel + Leisure has a 1 year low of $39.91 and a 1 year high of $58.95. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.67 and a beta of 1.61. The stock’s fifty day moving average price is $53.74 and its 200 day moving average price is $50.55.

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

Analyst Ratings Changes

TNL has been the topic of several recent research reports. Barclays upped their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Truist Financial increased their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Stifel Nicolaus increased their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Mizuho reissued a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.70.

Insider Buying and Selling at Travel + Leisure

In other news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now directly owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.02% of the stock is owned by insiders.

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.