H World Group Limited Sponsored ADR (NASDAQ:HTHT) to Issue Dividend of $1.30

H World Group Limited Sponsored ADR (NASDAQ:HTHT) announced a dividend on Wednesday, March 18th. Investors of record on Monday, May 4th will be given a dividend of 1.30 per share on Wednesday, May 20th. This represents a yield of 518.0%. The ex-dividend date is Monday, May 4th.

H World Group has a dividend payout ratio of 72.1% meaning its dividend is sufficiently covered by earnings. Analysts expect H World Group to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 83.6%.

H World Group Price Performance

NASDAQ:HTHT traded up $0.29 during trading hours on Thursday, hitting $50.47. 150,626 shares of the stock traded hands, compared to its average volume of 1,636,708. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.11. H World Group has a 1 year low of $30.20 and a 1 year high of $56.63. The stock has a 50 day moving average price of $51.33 and a 200 day moving average price of $45.47. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HTHT shares. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a research report on Monday, March 9th. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a research note on Sunday. Benchmark raised their price target on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.80.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.