Travel + Leisure Co. Declares Cash Dividend

Rhea-AI Summary

Travel + Leisure Co. (NYSE:TNL) has announced its board of directors has declared a regular cash dividend of $0.50 per share on the company's common stock. The dividend will be payable on December 31, 2024, to shareholders of record as of December 13, 2024. The company serves over six million vacationers annually through its portfolio of vacation ownership, travel club, and lifestyle travel brands, employing more than 19,000 associates globally.

Positive

• Regular dividend payment of $0.50 per share demonstrates financial stability
• Large customer base of over six million vacationers annually
• Substantial operational scale with 19,000+ global associates

Negative

• None.

ORLANDO, Fla.--(BUSINESS WIRE)-- The board of directors of Travel + Leisure Co. (NYSE:TNL) declared a regular cash dividend on the company's common stock of $0.50 per share, payable December 31, 2024 to shareholders of record as of December 13, 2024.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE:TNL) provides more than six million vacations to travelers every year. The company operates a portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traveling the world or staying a little closer to home. With hospitality and responsible tourism at its heart, the company’s 19,000+ dedicated associates around the globe help the company achieve its mission to put the world on vacation. Learn more at travelandleisureco.com.

Forward-Looking Statements

This press release includes “forward-looking statements” as that term is defined by the Securities and Exchange Commission (“SEC”). Forward-looking statements are any statements other than statements of historical fact, including statements regarding our expectations, beliefs, hopes, intentions or strategies regarding the future. In some cases, forward-looking statements can be identified by the use of words such as “will,” “intends,” or “expects,” or other words of similar meaning. Forward-looking statements are subject to risks and uncertainties that could cause actual results of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure Co.” or “we”) to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with: the future prospects and plans for Travel + Leisure Co., including our ability to compete in the highly competitive timeshare and leisure travel industries; the health of the travel industry and declines or disruptions caused by adverse economic conditions (including inflation, higher interest rates, and recessionary pressures), terrorism or acts of gun violence, political strife, war (including hostilities in Ukraine and the Middle East), pandemics, and severe weather events and other natural disasters; adverse changes in consumer travel and vacation patterns, consumer preferences and demand for our products; increased or unanticipated operating costs and other inherent business risks; our ability to comply with financial and restrictive covenants under our indebtedness; our ability to access capital and insurance markets on reasonable terms, at a reasonable cost or at all; maintaining the integrity of internal or customer data and protecting our systems from cyber-attacks; and those other factors disclosed as risks under “Risk Factors” in documents we have filed with the SEC, including in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on February 21, 2024. We caution readers that any such statements are based on currently available operational, financial and competitive information, and they should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Except as required by law, we undertake no obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241106114808/en/

Investor Contact:

Jill Greer

Investor Relations

(407) 626-4050

Jill.Greer@travelandleisure.com

Media Contact:

Steven Goldsmith

Public Relations

(407) 626-5882

Steven.Goldsmith@travelandleisure.com

Source: Travel + Leisure Co.

FAQ

What is the dividend amount for Travel + Leisure Co. (TNL) in December 2024?

Travel + Leisure Co. (TNL) declared a regular cash dividend of $0.50 per share for December 2024.

When is the dividend payment date for Travel + Leisure Co. (TNL)?

The dividend payment date is December 31, 2024.

What is the record date for Travel + Leisure Co.'s (TNL) December 2024 dividend?

The record date for the dividend is December 13, 2024.

How many vacations does Travel + Leisure Co. (TNL) provide annually?

Travel + Leisure Co. provides more than six million vacations to travelers every year.