PARSIPPANY, N.J., Feb. 25, 2020 /PRNewswire/ -- Wyndham Hotels
& Resorts, Inc. (NYSE: WH) announced today its Board of
Directors declared a quarterly cash dividend of $0.32 per share on its common stock, payable
March 31, 2020 to shareholders of
record as of March 13, 2020. The cash
dividend represents a 10% increase from the $0.29 per share quarterly dividend paid during
2019.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company, with approximately 9,300 hotels across approximately 90
countries on six continents. Through its network of over
831,000 rooms appealing to the everyday traveler, Wyndham commands
a leading presence in 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®, Baymont®, Wingate®, AmericInn®, Hawthorn
Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels
& Resorts is also a leading provider of hotel management
services, with approximately 400 properties under management. The
Company's award-winning Wyndham Rewards loyalty program offers
approximately 81 million enrolled members the opportunity to redeem
points at thousands of hotels, vacation club resorts and vacation
rentals globally. For more information, visit
www.wyndhamhotels.com.
Forward-Looking Statements
Certain statements in
this press release may constitute "forward-looking
statements" within the meaning of U.S. federal securities
laws, including statements related to our quarterly
dividend. These statements are made on the basis of our
views and assumptions regarding future events and business
performance as of the time the statements are made. Management does
not undertake any obligation to update these statements. Actual
results may differ materially from those expressed or
implied. Such differences may result from actions taken by
Wyndham Hotels, including restructuring or strategic initiatives;
risks related to the acquisition of La Quinta and our relationship
with CorePoint Lodging; risks related to the
timing and amount of future share repurchases and dividends as
well as the risks set forth in Wyndham Hotels'
most recent Annual Report on Form 10-K and subsequent
reports filed with the Securities and Exchange
Commission.
Contacts
Investors:
Matt
Capuzzi
Senior Vice
President, Investor Relations
973
753-6453
ir@wyndham.com
|
Media:
Dave DeCecco
Group Vice President, Global Communications
973 753-7474
WyndhamHotelsNews@wyndham.com
|
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SOURCE Wyndham Hotels & Resorts, Inc.