XHR Announces Dividend Payout of $0.12

Xenia Hotels & Resorts, a prominent player in the luxury and upper upscale hotel industry, announced on February 27, 2024, that its board of directors has approved a regular quarterly dividend of $0.12 per share ($0.48 annualized). This marks an increase from the previous dividend of $0.10 per share. Shareholders must own the stock before the ex-dividend date of March 27, 2024, to be eligible for the payment, which will be distributed on April 15, 2024, to shareholders of record as of March 28, 2024.

With the current share price standing at $15.49 per share, the stock’s dividend yield is calculated at 3.10%. Looking back over the past five years, the average dividend yield has been 3.98%, with a low of 2.34% and a high of 5.82%. The standard deviation of yields is 1.12, indicating that the current dividend yield is 0.78 standard deviations below the historical average.

Furthermore, the company’s dividend payout ratio is 2.56, signifying how much of the company’s income is paid out in dividends. A ratio greater than one suggests the company may be dipping into savings to maintain its dividend, while a ratio between 0.5 and 1.0 is typical for companies with limited growth prospects.

In terms of fund sentiment, there are 489 funds or institutions reporting positions in Xenia Hotels & Resorts, with a put/call ratio of 0.67 indicating a bullish outlook. Analyst price forecasts suggest a 5.93% downside from the current price, with an average one-year target of $14.57. Additionally, the company’s projected annual revenue is expected to increase by 6.39% to $1,091MM, with a non-GAAP EPS of 0.27.

Overall, Xenia Hotels & Resorts continues to be a key player in the hospitality industry, attracting interest from both investors and analysts alike.