Choice Hotels International Announces Quarterly Cash Dividend

Rhea-AI Summary

Choice Hotels International (NYSE: CHH) has announced a cash dividend of $0.2375 per share, which will be paid on October 14, 2022. Stockholders must be on record by October 3, 2022 to qualify for this dividend. This decision reflects the company's commitment to returning value to its shareholders amidst recent growth, including the acquisition of Radisson Hotels Americas, which adds numerous new brands and rooms to its portfolio.

Positive

• Approval of a cash dividend of $0.2375 per share.
• The dividend reflects a positive cash position and shareholder value return.
• Strategic acquisition of Radisson Hotels Americas enhances market presence.

Negative

• None.

Board Approves Cash Dividend on the Company's Common Stock of $0.2375 per Share

ROCKVILLE, Md., Sept. 22, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH)—one of the world's largest lodging franchisors—announces that its Board of Directors has declared a cash dividend on the Company's common stock of $0.2375 per share. The dividend is payable on October 14, 2022, to stockholders of record on October 3, 2022.

Choice Hotels International Board Approves Cash Dividend on the Company's Common Stock of $0.2375 per Share

About Choice Hotels
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. Choice recently acquired Radisson Hotels Americas, adding nine brands, more than 600 hotels, and approximately 67,000 rooms in the United States, Latin America, the Caribbean, and Canada to its portfolio. With 22 brands, Choice Hotels has more than 7,500 hotels, and nearly 650,000 rooms, in 46 countries and territories as of August 11, 2022. The Choice^® family of hotel brands provide business and leisure travelers with a broad range of high-quality lodging options from limited service to full-service hotels in the upper upscale, upper mid-scale, midscale, extended-stay and economy segments. The award-winning Choice Privileges^® loyalty program offers members a faster way to rewards, with personalized benefits starting on day one. For more information, visit www.choicehotels.com.

© 2022 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 $0.2375 per share.

When will the dividend for CHH be paid?

The dividend will be paid on October 14, 2022.

What is the record date for the CHH dividend?

The record date for the dividend is October 3, 2022.

How does the acquisition of Radisson Hotels affect CHH shareholders?

The acquisition enhances the company's portfolio, likely benefiting shareholders through increased market reach.