Travel + Leisure Co. Announces Quarterly Dividend of $0.60 (NYSE:TNL)

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 12th will be given a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, June 12th.

Travel + Leisure has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Travel + Leisure has a payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Travel + Leisure to earn $8.63 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.8%.

Travel + Leisure Price Performance

NYSE TNL opened at $64.98 on Thursday. The stock has a market capitalization of $4.06 billion, a PE ratio of 18.25, a PEG ratio of 0.48 and a beta of 1.17. Travel + Leisure has a 1 year low of $46.75 and a 1 year high of $81.00. The business’s 50-day moving average is $69.26 and its 200 day moving average is $69.93.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. The company had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. As a group, equities research analysts anticipate that Travel + Leisure will post 7.46 earnings per share for the current year.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 1,748 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total value of $122,901.88. Following the completion of the sale, the director directly owned 1,853 shares in the company, valued at $130,284.43. This trade represents a 48.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Erik D. Hoag acquired 1,000 shares of the stock in a transaction on Thursday, April 23rd. The stock was bought at an average price of $65.67 per share, with a total value of $65,670.00. Following the completion of the acquisition, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at $65,670. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 124,238 shares of company stock valued at $9,295,629. 4.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Several large investors have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Travel + Leisure by 4.2% during the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock valued at $256,211,000 after purchasing an additional 146,484 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Travel + Leisure by 1.1% during the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after purchasing an additional 17,377 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Travel + Leisure by 21.7% during the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock valued at $90,329,000 after purchasing an additional 232,711 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Travel + Leisure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock valued at $85,281,000 after purchasing an additional 10,137 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.