Booking Holdings Inc. (BKNG) to Issue Quarterly Dividend of $0.42 on September 30th

Booking Holdings Inc. (NASDAQ:BKNG) declared a quarterly dividend on Monday, August 3rd. Investors of record on Friday, September 11th will be given a dividend of 0.42 per share by the business services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 11th.

Booking has a dividend payout ratio of 0.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Booking to earn $12.40 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.5%.

Booking Stock Down 6.7%

Shares of NASDAQ:BKNG opened at $180.30 on Wednesday. The firm has a market capitalization of $135.47 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. Booking has a 12-month low of $150.14 and a 12-month high of $225.00. The firm has a fifty day moving average of $194.57 and a two-hundred day moving average of $178.72.

Booking (NASDAQ:BKNG) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $55.40 earnings per share. Equities research analysts expect that Booking will post 10.48 earnings per share for the current fiscal year.

About Booking

Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.

Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.

Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.