Choice Hotels International Announces Quarterly Cash Dividend

Rhea-AI Summary

Choice Hotels International (CHH) has declared a cash dividend of $0.2375 per share on its common stock. This dividend is set to be paid on January 17, 2023, to stockholders on record as of January 3, 2023. As of September 30, 2022, Choice Hotels operates nearly 7,500 hotels across 46 countries, providing a diverse range of lodging options. This announcement underscores the company's commitment to returning value to its shareholders.

Positive

• Dividend of $0.2375 per share enhances shareholder value.
• Company demonstrates strong financial health with substantial hotel network.

Negative

• None.

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

ROCKVILLE, Md., Dec. 7, 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 January 17, 2023, to stockholders of record on January 3, 2023.

About Choice Hotels
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With nearly 7,500 hotels, representing nearly 630,000 rooms, in 46 countries and territories as of September 30, 2022, 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 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 for Choice Hotels (CHH)?

Choice Hotels (CHH) has declared a cash dividend of $0.2375 per share.

When will the dividend be paid to shareholders of Choice Hotels (CHH)?

The dividend will be paid on January 17, 2023.

Who is eligible to receive the dividend from Choice Hotels (CHH)?

Shareholders on record as of January 3, 2023, are eligible to receive the dividend.

Is the dividend from Choice Hotels (CHH) sustainable?

The sustainability of the dividend depends on the company's financial performance and future earnings.