Wyndham Worldwide Adjusted Q4 Profit Beats View; Dividend Boosted (WYN)

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Hotel operator Wyndham Worldwide Corporation ( WYN ) on Wednesday said its fourth quarter profit rose almost 7% from last year, beating analyst estimates, and announced a 25% boost to its quarterly dividend payout.

The Parsippany, NJ-based company reported fourth quarter net income of $78 million, or 43 cents per share, compared with $73 million, or 40 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 46 cents per share.

Revenue rose 2.6% from last year to $937 million.

On average, Wall Street analysts expected a smaller adjusted profit of 44 cents per share, albeit on higher revenue of $943.3 million.

In another announcement, the company said its board of directors has authorized a 25% raise in its quarterly dividend payout, from 12 cents to 15 cents per share.

Wyndham shares rose 15 cents, or +0.5%, in premarket trading Wednesday.

The Bottom Line
Shares of Wyndham Worldwide ( WYN ) have a 1.56% dividend yield, based on last night's closing stock price of $30.85. The stock has technical support in the $26-$28 price area. If the shares can firm up, we see overhead resistance around the $33-$35 price levels.

Wyndham Worldwide Corporation ( WYN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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