H World Group Limited Sponsored ADR (HTHT) to Issue Dividend of $0.87 on September 22nd

H World Group Limited Sponsored ADR (NASDAQ:HTHT) announced a dividend on Monday, August 17th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.87 per share on Tuesday, September 22nd. This represents a dividend yield of 373.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

H World Group has increased its dividend by an average of 0.4%annually over the last three years. H World Group has a dividend payout ratio of 77.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect H World Group to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 59.6%.

H World Group Stock Down 1.2%

NASDAQ:HTHT opened at $45.77 on Friday. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.15. H World Group has a one year low of $36.48 and a one year high of $56.63. The stock has a 50-day simple moving average of $43.63 and a 200 day simple moving average of $47.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $998.88 million. H World Group had a return on equity of 41.05% and a net margin of 18.90%. Sell-side analysts predict that H World Group will post 2.6 EPS for the current fiscal year.

Institutional Investors Weigh In On H World Group

Several large investors have recently added to or reduced their stakes in HTHT. California State Teachers Retirement System boosted its holdings in shares of H World Group by 7,047.9% during the second quarter. California State Teachers Retirement System now owns 3,834,277 shares of the company’s stock valued at $159,966,000 after acquiring an additional 3,780,635 shares during the period. Nykredit A S acquired a new stake in shares of H World Group in the 2nd quarter worth about $4,572,000. B. Metzler seel. Sohn & Co. AG lifted its position in H World Group by 56.8% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 171,079 shares of the company’s stock valued at $7,137,000 after purchasing an additional 61,939 shares during the last quarter. Headlands Technologies LLC grew its position in H World Group by 253.8% in the 2nd quarter. Headlands Technologies LLC now owns 17,070 shares of the company’s stock worth $712,000 after purchasing an additional 12,245 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of H World Group by 4.4% in the second quarter. Wellington Management Group LLP now owns 61,686 shares of the company’s stock valued at $2,574,000 after purchasing an additional 2,582 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

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.