Travel + Leisure Co. (TNL) To Go Ex-Dividend on June 12th

Travel + Leisure Co. (NYSE:TNL) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 12th will be given a dividend of 0.60 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, June 12th.

Travel + Leisure has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Travel + Leisure has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Research 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 Up 0.7%

Travel + Leisure stock opened at $65.30 on Friday. Travel + Leisure has a 52 week low of $46.75 and a 52 week high of $81.00. The firm’s 50-day simple moving average is $69.14 and its 200 day simple moving average is $69.95. The firm has a market capitalization of $4.08 billion, a PE ratio of 18.34, a P/E/G ratio of 0.50 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.81 million. During the same period in the previous year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts expect that Travel + Leisure will post 7.46 EPS for the current fiscal year.

Insider Activity

In other Travel + Leisure news, insider Michael Dean Brown sold 9,443 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73. Following the sale, the insider directly owned 487,303 shares of the company’s stock, valued at $38,550,540.33. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Denny Marie Post sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director directly owned 1,977 shares in the company, valued at $126,191.91. This represents a 55.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 120,334 shares of company stock valued at $9,004,352 over the last quarter. 4.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds have recently modified their holdings of the company. Baron Wealth Management LLC lifted its holdings in shares of Travel + Leisure by 2.8% during the 1st quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after acquiring an additional 133 shares during the period. Diversified Trust Co lifted its holdings in shares of Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock worth $1,342,000 after acquiring an additional 137 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Travel + Leisure by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after acquiring an additional 148 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Travel + Leisure by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after acquiring an additional 156 shares during the period. Finally, Rossby Financial LCC lifted its holdings in shares of Travel + Leisure by 13.1% during the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock worth $85,000 after acquiring an additional 163 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

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.