Topic: How To Invest

Power Growth Investor Hotline – Friday, March 24, 2023

Article Excerpt

TRAVEL + LEISURE CO., $35.78, symbol TNL on New York, is still a buy. The company is now the world’s largest vacation ownership and exchange business. Travel + Leisure operates 245 timeshare resorts, with over 833,000 owners. Meanwhile, the company has a global audience of 35 million followers across multiple platforms and nearly 60,000 club members. The company is in the process of transforming its business from timeshare-centric to a multi-branded enterprise focused on leisure travel. This includes its new Travel + Leisure GO website. It offers bookable itineraries, while the new membership plan, Travel + Leisure Club, adds on concierge services, premium discounts and other perks for a monthly fee. Meanwhile, the company is now increasing its dividend by 12.5% with the March 2023 payment, to $0.45 from $0.40. The stock now yields a high 5.0%. Travel + Leisure is a buy. Travel + Leisure recent coverage: Hotline for February 24, 2023 January 2023 issue ADOBE INC., $374.96, is a buy. The company (symbol…