Park Hotels & Resorts Inc. (PK) To Go Ex-Dividend on September 30th

Park Hotels & Resorts Inc. (NYSE:PK) declared a quarterly dividend on Friday, July 31st. Investors of record on Wednesday, September 30th will be given a dividend of $0.25 per share by the financial services provider on Thursday, October 15th. This represents a $1.00 annualized dividend and a yield of 6.5%. The ex-dividend date is Wednesday, September 30th.

Park Hotels & Resorts has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. Park Hotels & Resorts has a dividend payout ratio of 172.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Park Hotels & Resorts to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 54.6%.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK opened at $15.46 on Monday. Park Hotels & Resorts has a 52 week low of $9.84 and a 52 week high of $16.20. The company has a 50-day moving average price of $15.20 and a 200 day moving average price of $13.29. The company has a market cap of $3.11 billion, a P/E ratio of -18.63, a PEG ratio of 1.96 and a beta of 1.33. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.29.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $659.68 million. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%.The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts predict that Park Hotels & Resorts will post 1.86 earnings per share for the current year.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE:PK) is a lodging real estate investment trust that owns and invests in a portfolio of hotels and resorts across the United States. The company’s properties are generally located in prominent business, convention and leisure destinations and operate under well-known hospitality brands, including Hilton, Marriott and Hyatt.

Park Hotels & Resorts generates revenue primarily through the operation of its hotel properties, which provide lodging, food and beverage, meeting and event space, and other guest services.