Wyndham doubles your dividend

Article Excerpt

WYNDHAM HOTELS & RESORTS INC. $75 remains a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares o/s: 93.4 million; Market cap: $7.0 billion; Divd. yield: 0.9%; Divd. Sustainability Rating: Average, www.wyndhamhotels.com) is a hotel franchiser with 8,900 hotels (796,000 rooms) in 95 countries. The stock has rebounded strongly from its March 2020 low of $15 as COVID-19 vaccines should help spur travel volumes. In fact, the company is so confident in its prospects that it just raised your quarterly dividend by 100.0%. With the March 2021 payment, investors now receive $0.16 a share instead of $0.08. The new annual rate of $0.64 yields 0.9%. Wyndham Hotels is a buy. buy. …

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