Wyndham Destinations (WYND), formerly Wyndham Worldwide, will raise its quarterly dividend by 9.8 percent to a spin-off adjusted $0.45 per share in the first quarter of 2019. Including the previous years as Wyndham Worldwide the timesharing company has now hiked its dividend 10 consecutive years.

The next dividend is payable March 29, 2019 to shareholders of record as of March 18, 2019. A new annual rate of $1.80 per share yields 5.3% at a stock price of $44.38.

Wyndham Destinations, Inc., formerly Wyndham Worldwide Corporation, is the world's largest vacation ownership and exchange company. Wyndham Destinations offers everyday travelers the opportunity to own, exchange or rent their vacation experience while enjoying the quality, flexibility and value that Wyndham delivers. The company has a global presence in more than 100 countries. The company's vacation club brands include Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club by Wyndham. Wyndham's offers affiliated resorts through RCI, the world’s leader in vacation exchange. The company originally went public in 2006 and has paid a dividend to shareholders every year since 2007.