Travel + Leisure Co Will Recommend a Q1 Dividend of $0.50/Share for Approval by the Board from $0.45/Share
Portfolio Pulse from Benzinga Newsdesk
Travel + Leisure Co (TNL) plans to increase its quarterly dividend to $0.50/share from $0.45/share, pending board approval in March 2024. The company paid $136 million in dividends in 2023.
February 21, 2024 | 11:39 am
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Travel + Leisure Co plans to increase its quarterly dividend to $0.50/share from $0.45/share, pending board approval.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future earnings potential. This proposed increase from $0.45 to $0.50 per share represents a significant commitment to returning value to shareholders and could lead to a positive short-term impact on TNL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100