Travel + Leisure Co. Declares $0.60 Dividend Payable Dec. 31
Shareholders of record as of Dec. 11 qualify for the payment, which confirms management’s planned fourth-quarter payout.
Shareholders of record as of Dec. 11 qualify for the payment, which confirms management’s planned fourth-quarter payout.
Shareholders of record Dec. 31 are eligible for the payment, and that date is also the ex-dividend date.
Third-quarter revenue rose 32% to $718 million. The planned Stride Bank acquisition remains subject to regulatory approval.
The company raised the payout from $1.00 per share. Shareholders of record Nov. 23 are eligible for payment on Dec. 7.
Adjusted earnings per share reached C$2.67. U.S. operations generated 57% of quarterly revenue, up from 43% a year earlier.
The company expects the new business to reduce 2026 adjusted EBITDA by $650 million to $700 million as third-quarter revenue rises 16%.
The payout is due Dec. 7 to shareholders of record Nov. 19. Chord repurchased 1,510,156 shares during the third quarter at an average $135.74 per share.
Normalized diluted EPS rose 3.2% to C$2.59, and the company maintained its 2026 outlook for record sales and earnings.
Shareholders of record Dec. 4 are scheduled to receive the dividend, which has a forward yield of 1.9%.
Payment is scheduled for Feb. 1, 2027, for shareholders of record Jan. 11. Repurchases may take place in the open market or through privately negotiated transactions.
Shareholders of record at the close of business Nov. 19 qualify for the payment. The dividend matches the amount declared in August.
The board also authorized repurchases of up to three million common shares through Dec. 31, 2028.
Non-GAAP earnings per share came in at C$0.62.
The payment is scheduled for Jan. 15, with Dec. 31 set as both the record date and ex-dividend date.
Non-GAAP earnings per share reached $0.17, topping estimates by $0.03.
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Revenue was $384.36 million, down 14.5% year over year and $46.07 million below estimates.
The company also declared a $0.01 supplemental payment tied to third-quarter earnings, with separate record and payment dates.
The payout matches the previous quarterly dividend. Shareholders of record Nov. 18 are eligible for payment.
The company set Dec. 15 for payment and Dec. 1 as both the record and ex-dividend date.
The payout is unchanged from the previous quarter. Shareholders must be on record by Dec. 17, which is also the ex-dividend date.
The dividend is payable Dec. 28 to shareholders of record Nov. 27.
The company set Nov. 18 as both the record date and the ex-dividend date.
Customer losses narrowed to about 7,500 in the third quarter, while residential data revenue fell 10.3% year over year.
The company forecast fourth-quarter revenue of $22 million, plus or minus 10%, and said bookings so far were at a multiyear high for this point in the quarter.
The company expects adjusted EBITDA of $59 million to $62 million in 2026. It has designated uses for 75% of its planned 2027 investment, including data centers and utility contracts.
The company generated about $52 million in operating cash flow and ended the third quarter with $127 million in cash.
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