Choice Hotels International, Inc. (CHH) has declared a cash dividend on the company's common stock of $0.225 per share, payable on July 16, 2021 to stockholders of record on July 1, 2021. Last year CHH suspended its quarterly dividend because of COVID-19. The hotel franchisor will now have a dividend yield of 0.8% at a stock price of $115.31.

"Reinstating our dividend and share repurchase program reflects the Board's confidence in the company's current liquidity position and outlook. Our dividend and share repurchase programs have returned significant capital to shareholders throughout our history, and we expect capital returns to continue to be an element of our broader capital allocation strategy," said Patrick Pacious, president and chief executive officer, Choice Hotels. "This decision is a testament to our thoughtful strategy and resilient business model, which continue to lead the industry recovery and will allow us to emerge from the pandemic even stronger as a company."

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.