WYNDHAM HOTELS & RESORTS DECLARES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend is payable on September 27, 2024, to shareholders of record as of September 13, 2024. Wyndham is the world's largest hotel franchising company by property count, with approximately 9,200 hotels across over 95 countries on six continents. The company operates a portfolio of 25 hotel brands, including well-known names like Super 8, Days Inn, and Ramada. Wyndham's loyalty program, Wyndham Rewards, has about 110 million enrolled members who can redeem points at thousands of hotels, vacation club resorts, and vacation rentals globally.
Positive
- Consistent dividend payment indicates financial stability
- World's largest hotel franchising company with 9,200 hotels in 95+ countries
- Diverse portfolio of 25 well-known hotel brands
- Large loyalty program with 110 million enrolled members
Negative
- None.
News Market Reaction – WH
On the day this news was published, WH gained 1.03%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of nearly 885,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers approximately 110 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at https://investor.wyndhamhotels.com or on the Company's social media channels, including the Company's LinkedIn account which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company's website and the Company's social media channels in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements related to Wyndham's quarterly dividend. Forward-looking statements are any statements other than statements of historical fact, including those that convey management's expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as "will," "expect," "believe," "plan," "anticipate," "predict," "intend," "goal," "future," "forward," "remain," "outlook," "guidance," "target," "objective," "estimate," "projection" and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures; global or regional health crises or pandemics (such as the COVID-19 pandemic) including the resulting impact on Wyndham's business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham's relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between
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SOURCE Wyndham Hotels & Resorts
FAQ
What is the amount of Wyndham Hotels & Resorts' quarterly dividend for 2024?
When is the payment date for Wyndham's Q3 2024 dividend?
What is the record date for Wyndham's upcoming dividend?
How many hotels does Wyndham Hotels & Resorts franchise globally?
How many members are enrolled in Wyndham's loyalty program?
