Hilton Worldwide Holdings Inc to Issue Quarterly Dividend of $0.15 (HLT)

Hilton Worldwide Holdings Inc (NYSE:HLT) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Shareholders of record on Friday, March 2nd will be given a dividend of 0.15 per share on Thursday, March 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 1st.

Hilton Worldwide has a dividend payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hilton Worldwide to earn $3.09 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 19.4%.

Hilton Worldwide (NYSE:HLT) opened at $83.81 on Friday. The company has a market cap of $26,357.93, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 6.00 and a beta of 1.32. Hilton Worldwide has a one year low of $55.79 and a one year high of $88.11. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.90 and a current ratio of 0.90.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.44 by $0.10. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.24 billion. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. sell-side analysts predict that Hilton Worldwide will post 2.62 EPS for the current fiscal year.

Hilton Worldwide declared that its board has approved a stock repurchase program on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Several research analysts have commented on the stock. B. Riley reissued a “neutral” rating on shares of Hilton Worldwide in a research note on Wednesday, November 1st. Wells Fargo & Co lifted their price target on shares of Hilton Worldwide from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. Barclays reissued a “hold” rating and set a $88.00 price target on shares of Hilton Worldwide in a research note on Friday, February 16th. TheStreet raised shares of Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. Finally, SunTrust Banks lifted their price target on shares of Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.61.

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About Hilton Worldwide

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Dividend History for Hilton Worldwide (NYSE:HLT)

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