WYNDHAM HOTELS & RESORTS DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Wyndham Hotels & Resorts (NYSE: WH) has announced a quarterly cash dividend of $0.38 per share on its common stock. The dividend will be payable on December 27, 2024 to shareholders of record as of December 13, 2024. The company is the world's largest hotel franchising company with approximately 9,200 hotels across over 95 countries, operating a portfolio of 25 hotel brands and managing approximately 893,000 rooms. Their Wyndham Rewards loyalty program serves approximately 112 million enrolled members.

Positive

• Consistent dividend payment demonstrates financial stability
• Market leadership with 9,200 hotels across 95 countries
• Large customer base with 112 million loyalty program members
• Extensive portfolio of 893,000 rooms across 25 brands

Negative

• None.

PARSIPPANY, N.J., Nov. 20, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today its Board of Directors declared a quarterly cash dividend of $0.38 per share on its common stock, payable December 27, 2024 to shareholders of record as of December 13, 2024. 

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of approximately 893,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers approximately 112 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at https://investor.wyndhamhotels.com or on the Company's social media channels, including the Company's LinkedIn account, which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company's website and the Company's social media channels in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements related to Wyndham's quarterly dividend. Forward-looking statements are any statements other than statements of historical fact, including those that convey management's expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as "will," "expect," "believe," "plan," "anticipate," "predict," "intend," "goal," "future," "forward," "remain," "outlook," "guidance," "target," "objective," "estimate," "projection" and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures; global or regional health crises or pandemics including the resulting impact on Wyndham's business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham's relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and conflicts in the Middle East, respectively; Wyndham's ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham's ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham's ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wyndham-hotels--resorts-declares-quarterly-cash-dividend-302311933.html

SOURCE Wyndham Hotels & Resorts

FAQ

What is Wyndham Hotels & Resorts' (WH) quarterly dividend amount for December 2024?

Wyndham Hotels & Resorts (WH) declared a quarterly cash dividend of $0.38 per share for December 2024.

When is the dividend payment date for Wyndham Hotels & Resorts (WH) Q4 2024?

The dividend payment date is December 27, 2024, for shareholders of record as of December 13, 2024.

How many hotels does Wyndham Hotels & Resorts (WH) currently franchise?

Wyndham Hotels & Resorts currently franchises approximately 9,200 hotels across over 95 countries on six continents.

How many members are enrolled in Wyndham Hotels & Resorts' (WH) loyalty program?

Wyndham Hotels & Resorts' loyalty program, Wyndham Rewards, has approximately 112 million enrolled members.