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ORLANDO - Travel + Leisure Co. (NYSE:TNL) announced Tuesday that its board of directors has declared a regular quarterly cash dividend of $0.56 per share on the company’s common stock, representing a 3.86% yield. According to InvestingPro data, the company has maintained dividend payments for 19 consecutive years and raised them for the past three years. The dividend will be payable on September 30, 2025, to shareholders of record as of September 12, 2025.
Travel + Leisure Co. is a leisure travel company that provides vacation experiences to more than six million travelers annually worldwide. The $3.93 billion market cap company operates a portfolio of vacation ownership, travel club, and lifestyle travel brands. Trading at a P/E ratio of 10.32, InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.
The dividend announcement comes as part of the company’s regular quarterly financial activities. Travel + Leisure Co. employs approximately 19,000 associates globally and focuses on hospitality and responsible tourism as core elements of its business model.
This announcement was made in a press release statement from the company, which also included standard forward-looking statements and cautionary language regarding potential business risks, including economic conditions, travel industry health, and consumer travel patterns.
In other recent news, Travel + Leisure Co. announced a private offering of $500 million in senior secured notes, set to mature on September 1, 2033. The notes will bear an interest rate of 6.125% per year, with payments beginning March 1, 2026. Travel + Leisure also reported its second-quarter 2025 earnings, revealing a slight miss on earnings per share (EPS) but exceeding revenue expectations. The company posted an EPS of $1.65, just below the forecast of $1.66, while revenue reached $1.02 billion, surpassing the anticipated $1.01 billion. Following these earnings, JMP Securities raised its price target for Travel + Leisure to $70 from $60, maintaining a Market Outperform rating. Mizuho upgraded the stock to Outperform, citing an expected earnings inflection in the latter half of the year, and increased its price target to $72 from $63. Additionally, Stifel raised its price target to $70, highlighting the company’s focus on expanding its new owner segment. These developments reflect analysts’ positive outlook on Travel + Leisure’s strategic direction and financial performance.
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