Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.2875 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 1st.
Choice Hotels International has raised its dividend by an average of 0.4%annually over the last three years. Choice Hotels International has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Choice Hotels International to earn $7.86 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 14.6%.
Choice Hotels International Trading Up 5.8%
CHH stock opened at $112.36 on Thursday. The company’s 50-day simple moving average is $107.03 and its 200-day simple moving average is $102.17. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 14.58. Choice Hotels International has a 52-week low of $84.04 and a 52-week high of $136.45. The firm has a market cap of $5.11 billion, a P/E ratio of 15.14, a PEG ratio of 1.95 and a beta of 0.65.
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
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