Travel + Leisure Co. Declares Cash Dividend

Rhea-AI Summary

Travel + Leisure Co. (NYSE:TNL), the world's leading membership and leisure travel company, has announced a regular cash dividend of $0.50 per share on its common stock. The dividend is payable on September 30, 2024 to shareholders of record as of September 13, 2024. TNL operates Club Wyndham, a points-based vacation ownership program, and RCI, the first vacation exchange network. The company delivers over six million vacations annually at 245+ timeshare resorts worldwide through various travel and membership products, including Travel + Leisure GO, a subscription travel club. With a focus on hospitality and responsible tourism, TNL employs 19,000+ associates globally.

Positive

• Declared a regular cash dividend of $0.50 per share
• Delivers over six million vacations annually
• Operates 245+ timeshare resorts worldwide
• Employs 19,000+ associates globally

Negative

• None.

08/21/2024 - 04:30 PM

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 September 30, 2024 to shareholders of record as of September 13, 2024.

About Travel + Leisure Co.

As the world’s leading membership and leisure travel company, Travel + Leisure Co. (NYSE:TNL) transformed the way families vacation with the introduction of the most dynamic points-based vacation ownership program at Club Wyndham, and the first vacation exchange network, RCI. The company delivers more than six million vacations each year at 245+ timeshare resorts worldwide, through tailored travel and membership products, and via Travel + Leisure GO - the signature subscription travel club inspired by the pages of Travel + Leisure magazine. With hospitality and responsible tourism at the heart of all we do, our 19,000+ dedicated associates bring out the best in people and places around the globe. We 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/20240821552837/en/

Investor Contact:

Jill Greer

Investor Relations

(407) 626-4050

IR@travelandleisure.com

Media Contact:

Steven Goldsmith

Public Relations

(407) 626-5882

media@travelandleisure.com

Source: Travel + Leisure Co.

FAQ

What is the amount of Travel + Leisure Co.'s (TNL) recently declared dividend?

Travel + Leisure Co. (TNL) declared a regular cash dividend of $0.50 per share on its common stock.

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

The dividend is payable on September 30, 2024.

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

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

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

Travel + Leisure Co. (TNL) delivers more than six million vacations each year.