Choice Hotels International, Inc. (CHH) will raise its quarterly dividend by 4.7 percent to $0.225 per share. This is the first dividend hike by the hotel franchisor since 2016.

The next dividend will be paid on January 16, 2020 to shareholders of record on January 2, 2020. A new annual dividend rate of 90 cents per share yields 0.9% at a stock price of $101.

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.