Wyndham Destinations (WYND) will raise its quarterly dividend by 11.1 percent to $0.50 per share in 2020. Including the dividends paid by the company formerly known as Wyndham Worldwide the timesharing company has now hiked its dividend 11 consecutive years.

The next dividend is payable March 31, 2020 to shareholders of record as of March 16, 2020. A new annual rate of $2.00 per share yields 5.2% at a stock price of $37.93.

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.