Choice Hotels International Announces Quarterly Cash Dividend of $0.2375 per Share
Choice Hotels International (NYSE: CHH) has declared a cash dividend of $0.2375 per share on its common stock.
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 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.
Details
News Market Reaction – CHH
The recorded move for CHH in the trading session of this news was -2.60%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
© 2022 Choice Hotels International, Inc. All Rights Reserved.
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SOURCE Choice Hotels International, Inc.
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