Wyndham Worldwide Co. (NYSE:WYN) announced a quarterly dividend on Tuesday, May 9th. Investors of record on Friday, May 26th will be given a dividend of 0.58 per share on Friday, June 9th. This represents a $2.32 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, May 24th.
Wyndham Worldwide has increased its dividend by an average of 19.9% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Wyndham Worldwide has a dividend payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wyndham Worldwide to earn $6.97 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 33.3%.
Wyndham Worldwide (NYSE:WYN) traded down 0.02% during mid-day trading on Friday, reaching $95.60. The company’s stock had a trading volume of 1,140,212 shares. Wyndham Worldwide has a 52-week low of $62.60 and a 52-week high of $102.44. The firm has a 50 day moving average price of $91.42 and a 200 day moving average price of $81.28. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 15.81 and a beta of 1.24.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, April 26th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. Wyndham Worldwide had a net margin of 10.52% and a return on equity of 71.67%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Wyndham Worldwide will post $6.17 earnings per share for the current year.
In related news, CEO Geoffrey A. Ballotti sold 13,405 shares of Wyndham Worldwide stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $83.38, for a total transaction of $1,117,708.90. Following the completion of the transaction, the chief executive officer now directly owns 127,784 shares of the company’s stock, valued at approximately $10,654,629.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Herrera sold 345 shares of Wyndham Worldwide stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $96.02, for a total transaction of $33,126.90. The disclosure for this sale can be found here. Insiders sold a total of 87,447 shares of company stock valued at $7,390,319 over the last three months. Corporate insiders own 2.03% of the company’s stock.
WYN has been the topic of several research reports. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, January 31st. MKM Partners restated a “buy” rating and issued a $111.00 target price (up previously from $95.00) on shares of Wyndham Worldwide in a report on Wednesday, April 26th. Stifel Nicolaus decreased their price target on shares of Wyndham Worldwide from $108.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, May 1st. Janney Montgomery Scott reiterated a “neutral” rating and issued a $87.00 price target on shares of Wyndham Worldwide in a research report on Thursday, March 16th. Finally, Wolfe Research downgraded shares of Wyndham Worldwide from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide currently has an average rating of “Hold” and a consensus target price of $85.67.
About Wyndham Worldwide
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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