Travel + Leisure Co. (NYSE:TNL – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 12th will be paid a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis 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 every year for the last 5 years. Travel + Leisure has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance
Shares of TNL stock opened at $64.98 on Thursday. Travel + Leisure has a 52-week low of $46.75 and a 52-week high of $81.00. The company has a market capitalization of $4.06 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.17. The business’s fifty day moving average is $69.26 and its 200 day moving average is $69.93.
Insider Transactions at Travel + Leisure
In other news, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Dean Brown sold 66,860 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider directly owned 427,821 shares in the company, valued at $31,671,588.63. This trade represents a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 124,238 shares of company stock worth $9,295,629 in the last three months. Insiders own 4.01% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Danske Bank A S bought a new position in shares of Travel + Leisure during the third quarter valued at about $30,000. CNB Bank bought a new position in shares of Travel + Leisure during the third quarter valued at about $32,000. N.E.W. Advisory Services LLC bought a new position in shares of Travel + Leisure during the fourth quarter valued at about $43,000. Assetmark Inc. grew its stake in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Travel + Leisure by 181.5% during the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after buying an additional 510 shares during the last quarter. 87.54% of the stock is owned by 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.
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