Wyndham Destinations (NASDAQ:WYND) declared a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.45 per share on Friday, June 28th. This represents a $1.80 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, June 13th.
Wyndham Destinations has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.
Shares of WYND traded up $0.22 during trading on Friday, reaching $44.50. The company’s stock had a trading volume of 1,165,222 shares, compared to its average volume of 864,693. Wyndham Destinations has a twelve month low of $33.55 and a twelve month high of $50.85.
Wyndham Destinations (NASDAQ:WYND) last announced its earnings results on Wednesday, May 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.13. The business had revenue of $918.00 million during the quarter, compared to analyst estimates of $918.92 million. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.
In related news, Director Stephen P. Holmes sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $45.19, for a total transaction of $2,259,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brad Dettmer sold 3,703 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $44.42, for a total value of $164,487.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,416 shares of company stock worth $9,038,033.
A number of brokerages have issued reports on WYND. Oppenheimer set a $66.00 target price on Wyndham Destinations and gave the company a “buy” rating in a research report on Tuesday, February 26th. Deutsche Bank upped their target price on Wyndham Destinations from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Wyndham Destinations in a research report on Wednesday, March 20th. SunTrust Banks upped their target price on Wyndham Destinations to $72.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, Zacks Investment Research raised Wyndham Destinations from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Saturday, May 4th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $56.27.
About Wyndham Destinations
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
Further Reading: Strangles
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