Choice Hotels International is a well-known hospitality company that operates and franchises several hotel brands worldwide. The company has been making significant strides in the industry with its diverse portfolio of hotels catering to various segments of travelers.
In addition to this acquisition, Choice Hotels International made another noteworthy announcement recently regarding its quarterly dividend. Shareholders of record as of Monday, October 2nd will be eligible to receive a dividend payment of $0.287 per share on Tuesday, October 17th. This translates into an annualized dividend of $1.15 and represents a yield of 0.97%. It is worth noting that the ex-dividend date for this payout was Friday, September 29th.
Choice Hotels International has consistently demonstrated its commitment to returning value to shareholders through steady dividend payments. With a dividend payout ratio standing at 20.68%, the company maintains financial stability while providing investors with an attractive yield.
This acquisition by Intercontinental Wealth Advisors LLC signifies their confidence in Choice Hotels International’s long-term growth prospects and highlights the appeal of the hospitality industry as an investment opportunity.
As always, it is important for potential investors to conduct thorough research and analysis before making any investment decisions. By undertaking a comprehensive stock analysis on CHH, potential investors can gain valuable insights into the company’s financial performance, market positioning, and growth prospects.
Please note that this article is based on information available as of October 4, 2023. Investors should verify any additional relevant information or developments related to Choice Hotels International and Intercontinental Wealth Advisors LLC before making any investment decisions based on this article.
