US hotel franchisor Choice Hotels International, Inc. (CHH) has announced a 5.6 percent dividend hike to 23.75 cents quarterly per share. Earlier this year CHH reinstated its dividend.

The increased CHH dividend is payable on January 18, 2022, to shareholders of record on January 4, 2022.  This increase will result in a projected annual dividend rate of $0.95 per annum and yields 

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.