Park Hotels & Resorts Inc. (PK) To Go Ex-Dividend on June 30th

Park Hotels & Resorts Inc. (NYSE:PK) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Tuesday, June 30th.

Park Hotels & Resorts has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Park Hotels & Resorts has a dividend payout ratio of 172.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Park Hotels & Resorts to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 54.9%.

Park Hotels & Resorts Stock Up 1.3%

Shares of NYSE:PK opened at $14.77 on Friday. The firm has a market capitalization of $2.97 billion, a PE ratio of -13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.25 and a current ratio of 1.25. Park Hotels & Resorts has a 52-week low of $9.84 and a 52-week high of $14.95. The firm has a fifty day moving average of $12.50 and a 200 day moving average of $11.50.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.33). Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The firm had revenue of $622.00 million for the quarter, compared to the consensus estimate of $609.77 million. During the same period last year, the firm earned $0.46 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. As a group, research analysts anticipate that Park Hotels & Resorts will post 1.76 EPS for the current fiscal year.

About Park Hotels & Resorts

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.