Wyndham Hotels & Resorts, Inc. (NYSE:WH) Announces Quarterly Dividend of $0.41

Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.41 per share on Monday, March 31st. This represents a $1.64 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, March 17th. This is a 7.9% increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38.

Wyndham Hotels & Resorts has increased its dividend by an average of 20.0% per year over the last three years. Wyndham Hotels & Resorts has a payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wyndham Hotels & Resorts to earn $5.48 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 27.7%.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $105.26 on Thursday. The stock’s fifty day moving average is $104.85 and its 200 day moving average is $93.61. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The firm has a market capitalization of $8.18 billion, a PE ratio of 29.00, a PEG ratio of 1.87 and a beta of 1.28. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WH. Wells Fargo & Company increased their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays increased their target price on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley increased their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday. Susquehanna increased their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird increased their target price on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.45.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.