Choice Hotels International Announces Quarterly Cash Dividend of $0.2375 per Share

(Neutral)

Rhea-AI Summary

Choice Hotels International (NYSE: CHH) has declared a cash dividend of $0.2375 per share on its common stock. The dividend is scheduled for payment on July 14, 2022, to shareholders of record as of July 1, 2022. This announcement reflects the company's ongoing commitment to return value to its shareholders amidst its extensive portfolio of nearly 7,000 hotels across 35 countries.

Positive

Dividend of $0.2375 per share enhances income for shareholders.
Demonstrates company confidence in ongoing profitability.

Negative

None.

News Market Reaction – CHH

-2.60%

-2.60% Session move

In the trading session that priced this news, CHH declined 2.60%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/24/2022 - 02:48 PM

ROCKVILLE, Md., May 24, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, announced that its board of directors has declared a cash dividend on the company's common stock of $0.2375 per share. The dividend is payable on July 14, 2022, to shareholders of record on July 1, 2022.

About Choice Hotels^®

Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With nearly 7,000 hotels, representing nearly 600,000 rooms, in 35 countries and territories as of March 31, 2022, the Choice^®family of hotel brands provides business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges^® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/choice-hotels-international-announces-quarterly-cash-dividend-of-0-2375-per-share-301554309.html

SOURCE Choice Hotels International, Inc.

FAQ

What is the dividend amount declared by Choice Hotels (CHH)?

Choice Hotels has declared a cash dividend of $0.2375 per share.

When will the dividend be paid to shareholders of CHH?

The dividend will be payable on July 14, 2022.

What is the record date for the dividend payment of Choice Hotels (CHH)?

The record date for the dividend payment is July 1, 2022.

How many hotels does Choice Hotels operate worldwide?

Choice Hotels operates nearly 7,000 hotels in 35 countries.

Is the dividend from Choice Hotels sustainable?

The press release does not provide specific insights into the sustainability of the dividend.