Choice Hotels International Announces Quarterly Cash Dividend
Choice Hotels International (NYSE: CHH) has announced a cash dividend of $0.2375 per share, which will be paid on October 14, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Choice Hotels International (NYSE: CHH) has announced a cash dividend of $0.2375 per share, which will be paid on October 14, 2022. Stockholders must be on record by October 3, 2022 to qualify for this dividend. This decision reflects the company's commitment to returning value to its shareholders amidst recent growth, including the acquisition of Radisson Hotels Americas, which adds numerous new brands and rooms to its portfolio.
Positive
- Approval of a cash dividend of $0.2375 per share.
- The dividend reflects a positive cash position and shareholder value return.
- Strategic acquisition of Radisson Hotels Americas enhances market presence.
Negative
- None.
Details
News Market Reaction – CHH
The recorded move for CHH in the trading session of this news was -2.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Board Approves Cash Dividend on the Company's Common Stock of
ROCKVILLE, Md., Sept. 22, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH)—one of the world's largest lodging franchisors—announces that its Board of Directors has declared a cash dividend on the Company's common stock of
About Choice Hotels
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. Choice recently acquired Radisson Hotels Americas, adding nine brands, more than 600 hotels, and approximately 67,000 rooms in the United States, Latin America, the Caribbean, and Canada to its portfolio. With 22 brands, Choice Hotels has more than 7,500 hotels, and nearly 650,000 rooms, in 46 countries and territories as of August 11, 2022. The Choice® family of hotel brands provide business and leisure travelers with a broad range of high-quality lodging options from limited service to full-service hotels in the upper upscale, upper mid-scale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members a faster way to rewards, with personalized benefits starting on day one. For more information, visit www.choicehotels.com.
© 2022 Choice Hotels International, Inc. All Rights Reserved.
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SOURCE Choice Hotels International, Inc.
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