Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.15 per share on Tuesday, December 29th. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 1st.
Hilton Worldwide has raised its dividend by an average of 0.3% annually over the last three years. Hilton Worldwide has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hilton Worldwide to earn $10.51 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 5.7%.
Hilton Worldwide Stock Down 1.9%
NYSE:HLT traded down $6.55 during trading hours on Tuesday, reaching $345.34. The company had a trading volume of 3,274,084 shares, compared to its average volume of 1,905,932. The firm has a market cap of $77.72 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 2.82 and a beta of 1.10. The business’s 50-day simple moving average is $322.75 and its two-hundred day simple moving average is $319.39. Hilton Worldwide has a twelve month low of $253.54 and a twelve month high of $364.50.
Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $3.37 billion. Hilton Worldwide had a net margin of 12.69% and a negative return on equity of 35.24%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. As a group, equities analysts predict that Hilton Worldwide will post 9.08 earnings per share for the current year.
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.
The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.
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