Wyndham Hotels & Resorts, Inc. (NYSE:WH) to Issue Quarterly Dividend of $0.32

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Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) declared a quarterly dividend on Wednesday, May 11th, Zacks reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.32 per share on Wednesday, June 29th. This represents a $1.28 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, June 14th.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 5.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Wyndham Hotels & Resorts has a dividend payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Wyndham Hotels & Resorts to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

Shares of NYSE WH opened at $74.64 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.78. The business’s 50 day moving average is $84.47 and its two-hundred day moving average is $84.76. The company has a market cap of $6.87 billion, a P/E ratio of 21.45 and a beta of 1.48. Wyndham Hotels & Resorts has a 12 month low of $65.24 and a 12 month high of $93.86.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.67 by $0.28. Wyndham Hotels & Resorts had a return on equity of 31.60% and a net margin of 19.91%. During the same period in the prior year, the company posted $0.36 EPS. Sell-side analysts expect that Wyndham Hotels & Resorts will post 3.57 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Toroso Investments LLC acquired a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at $222,000. JustInvest LLC acquired a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at $373,000. Penserra Capital Management LLC boosted its stake in Wyndham Hotels & Resorts by 73.7% in the 4th quarter. Penserra Capital Management LLC now owns 4,386 shares of the company’s stock valued at $393,000 after buying an additional 1,861 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Wyndham Hotels & Resorts by 101.1% in the 4th quarter. Guggenheim Capital LLC now owns 5,339 shares of the company’s stock valued at $479,000 after buying an additional 2,684 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in Wyndham Hotels & Resorts by 10.8% in the 4th quarter. MML Investors Services LLC now owns 5,989 shares of the company’s stock valued at $537,000 after buying an additional 584 shares in the last quarter. 92.63% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on WH. Zacks Investment Research raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, February 19th. StockNews.com started coverage on Wyndham Hotels & Resorts in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $92.75.

Wyndham Hotels & Resorts Company Profile (GetRated)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

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Dividend History for Wyndham Hotels & Resorts (NYSE:WH)

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