Choice Hotels International Announces Quarterly Cash Dividend Of $0.225 Per Share

Rhea-AI Summary

Choice Hotels International (NYSE: CHH) announced a quarterly cash dividend of $0.225 per share, payable on October 15, 2021, to stockholders of record as of October 1, 2021. This decision reflects the company’s robust financial position and commitment to returning value to shareholders amidst its extensive portfolio of over 7,100 hotels worldwide. The company continues to enhance its offerings through the award-winning Choice Privileges loyalty program, catering to both business and leisure travelers.

Positive

• Declaration of a cash dividend of $0.225 per share.
• The dividend reinforces shareholder value amid a global presence of over 7,100 hotels.

Negative

• None.

News Market Reaction – CHH

+0.24%

+0.24% Session move

In the trading session that priced this news, CHH gained 0.24%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ROCKVILLE, Md., Sept. 9, 2021 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, announced its Board of Directors has declared a cash dividend on the Company's common stock of $0.225 per share. The dividend is payable on October 15, 2021, to stockholders of record on October 1, 2021.

About Choice Hotels^®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,100 hotels, representing over 600,000 rooms, in nearly 40 countries and territories as of June 30, 2021, 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.

© 2021 Choice Hotels International, Inc. All Rights Reserved.

 

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SOURCE Choice Hotels International, Inc.

FAQ

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

Choice Hotels declared a cash dividend of $0.225 per share.

When is the dividend for Choice Hotels (CHH) payable?

The dividend is payable on October 15, 2021.

What is the record date for the Choice Hotels dividend?

The record date for the dividend is October 1, 2021.

How does the dividend impact shareholders of Choice Hotels (CHH)?

The dividend reflects the company's commitment to returning value to its shareholders.

Is the dividend from Choice Hotels (CHH) sustainable?

The dividend announcement suggests a strong financial position, indicating sustainability.