Choice Hotels International (CHH) will raise its quarterly dividend by 5.4 percent to $0.195 per share. This is the hotel franchisor's first dividend hike since 2008. At the time the company hiked its dividend by 8.8 percent.

Choice Hotels International, Inc. is an international hotel franchisor. The company is one of the world's largest lodging companies and provides business and leisure travelers with a range of high-quality lodging options from limited-service to full-service hotels in the upscale, midscale, extended stay and economy segments. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.