Wyndham sets quarterly dividend at $0.38 per share

PARSIPPANY, N.J. - Wyndham Hotels & Resorts, Inc. (NYSE: WH) has declared a quarterly cash dividend of $0.38 per share, the company announced on Thursday. The dividend is payable on September 27, 2024, to shareholders of record as of September 13, 2024.

As the world's largest hotel franchising company by the number of properties, Wyndham boasts approximately 9,200 hotels in over 95 countries. The company's portfolio includes 25 hotel brands such as Super 8®, Days Inn®, and Ramada®, catering primarily to the economy and midscale segments. Additionally, Wyndham operates the Wyndham Rewards loyalty program, which has roughly 110 million enrolled members.

The press release also includes forward-looking statements regarding the company's quarterly dividend and contains cautionary language about risks and uncertainties that could affect Wyndham's actual results. These risks include general economic conditions, global health crises, and the performance of the hospitality industry, among others.

The announcement is part of Wyndham's regular communications with shareholders and the public, which are also disseminated through the company's website and social media channels. Investors are encouraged to monitor these outlets, along with SEC filings and public conference calls or webcasts, for the latest company information.

This news about the dividend is based on a press release statement from Wyndham Hotels & Resorts.

In other recent news, Travel + Leisure Co. reported a positive Q2 performance with a 4% increase in revenue to $985 million and a rise in adjusted EBITDA to $244 million. This robust performance is attributed to strong growth in its vacation ownership business and strategic partnerships such as Blue Thread. The company raised its full-year adjusted EBITDA guidance to between $915 million and $935 million, anticipating a strong second half of the year with increased owner nights and tour growth.

Travel + Leisure also highlighted a 33% increase in adjusted EBITDA in the Asia-Pacific region, indicating significant international growth. Despite a slight increase in loan loss provisions and a decline in transactions in the Travel and Membership segment, the company remains confident in its business model.

These recent developments also include the company's plans for the Sports Illustrated resorts and a $375 million ABS transaction, which generated $90 million in adjusted free cash flow, returning $105 million to shareholders. It is noteworthy that analysts expect a slight headwind in the first half of next year, followed by a tailwind in 2026 due to concerns about loan loss provisions and interest rates.

InvestingPro Insights

Wyndham Hotels & Resorts' commitment to shareholder returns is evident in their recent dividend declaration. The company's approach is supported by a strong financial framework, as reflected in the latest data from InvestingPro. With a market capitalization of $2.99 billion and a P/E ratio of 7.1, Wyndham stands out as a company with a favorable earnings multiple. This is further reinforced by an adjusted P/E ratio of 7.22 over the last twelve months as of Q2 2024, suggesting a consistent valuation in the eyes of investors.

InvestingPro Tips indicate that Wyndham's management has been actively involved in share buybacks, which often signals confidence in the company's future performance and a commitment to boosting shareholder value. Additionally, the company has a noteworthy dividend track record, having maintained payments for 18 consecutive years, which aligns with the recent dividend announcement. This demonstrates a reliable return to shareholders, which is a critical factor for income-focused investors.

On the growth front, Wyndham has seen a revenue increase of 4.26% over the last twelve months as of Q2 2024, with a gross profit margin of 48.52%, highlighting efficient operations and a potentially strong position within the hospitality industry. Despite some analysts revising their earnings expectations downwards for the upcoming period, the company is predicted to be profitable this year, as per InvestingPro Tips. Moreover, with additional insights available on InvestingPro, investors can delve deeper into the company's financial health and future prospects.

For those interested in further analysis and additional InvestingPro Tips, there are 9 more tips available for Wyndham Hotels & Resorts at https://www.investing.com/pro/WH. This suite of tips can provide a more comprehensive view of the company's strategic position and investment potential.

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