Wyndham Hotels & Resorts, Inc. (WH) will hike its dividend by another 50 percent to 24 cents quarterly. Earlier this year the dividend was doubled from 8 cents to 16 cents. Last year however WH cut its dividend from 32 cents to 8 cents.
Wyndham Hotels & Resorts is the world's largest hotel franchising company by the number of properties, with hotels across countries on six continents. Wyndham commands a leading presence in both the economy and midscale segments of the lodging industry. The company operates a portfolio of 20 hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham. Wyndham Hotels & Resorts is also a leading provider of hotel management services. Wyndham Hotels & Resorts was separated from Wyndham Worldwide (now Wyndham Destinations) in 2018.