Travel + Leisure Co. Increases Cash Dividend 12%

Rhea-AI Summary

Travel + Leisure Co. (NYSE:TNL) has announced a significant increase in its quarterly cash dividend, raising it by 12% from $0.50 to $0.56 per share. The dividend will be payable on March 31, 2025, to shareholders of record as of March 17, 2025.

The company, as the world's leading vacation ownership and membership travel company, serves over six million travelers annually through its portfolio of vacation ownership, travel club, and lifestyle travel brands. With 19,000 dedicated associates globally, Travel + Leisure focuses on hospitality and responsible tourism, aiming to fulfill its mission of putting the world on vacation.

Positive

• 12% increase in quarterly dividend from $0.50 to $0.56 per share
• Strong market position as world's leading vacation ownership company
• Large scale operations serving 6+ million travelers annually
• Substantial workforce of 19,000 associates globally

Negative

• Exposure to travel industry volatility and economic downturns
• Vulnerability to inflation and higher interest rates
• Operational risks from global political conflicts
• Cybersecurity and data protection challenges

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, increasing the quarterly dividend rate by 12% to $0.56 per share from $0.50 per share. The dividend is payable March 31, 2025 to shareholders of record as of March 17, 2025.

About Travel + Leisure Co.
Travel + Leisure Co. (NYSE:TNL) is the world’s leading vacation ownership and membership travel company, providing 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, 2024, filed with the SEC on February 19, 2025. 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/20250306118025/en/

Investor Contact:

Travel + Leisure Investor Relations

(407) 626-4050

IR@travelandleisure.com

Media Contact:

Steven Goldsmith

Public Relations

(407) 626-3830

Steven.Goldsmith@travelandleisure.com

Source: Travel + Leisure Co.

FAQ

What is the new quarterly dividend amount for Travel + Leisure (TNL) stock?

Travel + Leisure's new quarterly dividend is $0.56 per share, a 12% increase from the previous $0.50 per share.

When will Travel + Leisure (TNL) pay its next dividend?

The dividend will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.

How many travelers does Travel + Leisure (TNL) serve annually?

Travel + Leisure serves more than six million travelers every year.

What are the main risk factors affecting Travel + Leisure (TNL)?

Key risks include economic conditions, inflation, higher interest rates, political conflicts, terrorism, pandemics, and severe weather events.

How significant is Travel + Leisure's (TNL) global presence?

The company maintains a significant global presence with 19,000 dedicated associates worldwide.