Travel + Leisure Co. Increases Share Repurchase Authorization By $500M
Portfolio Pulse from Benzinga Newsdesk
Travel + Leisure Co. (NYSE:TNL) has increased its share repurchase authorization by $500 million and declared a regular cash dividend of $0.50 per share, payable on June 28, 2024.
May 15, 2024 | 8:49 pm
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Travel + Leisure Co. has increased its share repurchase authorization by $500 million and declared a regular cash dividend of $0.50 per share, payable on June 28, 2024.
The increase in share repurchase authorization indicates the company's confidence in its financial health and can lead to a positive impact on the stock price. Additionally, the declared dividend provides a direct return to shareholders, which is generally viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100