Hyatt Hotels Co. (NYSE:H) to Issue $0.15 Quarterly Dividend

Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.15 per share on Friday, December 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, November 22nd.

Hyatt Hotels has increased its dividend by an average of 31.0% annually over the last three years. Hyatt Hotels has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hyatt Hotels to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 16.1%.

Hyatt Hotels Price Performance

NYSE:H opened at $153.26 on Wednesday. The company has a market capitalization of $14.72 billion, a P/E ratio of 11.55 and a beta of 1.50. The business’s 50-day moving average is $152.26 and its 200 day moving average is $149.22. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a 12 month low of $112.85 and a 12 month high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $0.70 earnings per share. On average, equities research analysts forecast that Hyatt Hotels will post 3.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein decreased their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Mizuho cut their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Bank of America upped their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.57.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.