Intercontinental Hotels Group (NYSE:IHG – Get Free Report) announced a dividend on Thursday, March 5th. Investors of record on Friday, April 10th will be paid a dividend of 1.259 per share on Thursday, May 14th. This represents a dividend yield of 191.0%. The ex-dividend date is Friday, April 10th.
Intercontinental Hotels Group has raised its dividend payment by an average of 0.1%annually over the last three years. Intercontinental Hotels Group has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Intercontinental Hotels Group to earn $5.77 per share next year, which means the company should continue to be able to cover its $1.13 annual dividend with an expected future payout ratio of 19.6%.
Intercontinental Hotels Group Stock Performance
Shares of IHG traded down $2.34 during mid-day trading on Friday, reaching $131.85. 273,032 shares of the company’s stock were exchanged, compared to its average volume of 286,457. The business’s fifty day simple moving average is $140.23 and its 200-day simple moving average is $131.38. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $150.89.
Intercontinental Hotels Group Company Profile
Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.
IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.
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