Choice Hotels (CHH) Raises Quarterly Dividend 4.9% to $0.215 ; 1.5% Yield; Increases Authorized Repurchase Program Shares by 3M

Choice Hotels (NYSE: CHH) declared a quarterly dividend of $0.215 per share, or $0.86 annualized. This is a 4.9% increase from the prior dividend of $0.205.

The dividend will be payable on January 18, 2017, to stockholders of record on January 4, 2017, with an ex-dividend date of December 30, 2016.

The annual yield on the dividend is 1.5 percent.

Choice Hotels International, Inc. (NYSE: CHH), a leading worldwide lodging company, announced that its board of directors has approved a 5 percent increase in the quarterly cash dividend on the company's common stock from $0.205 per share to $0.215 per share, effective with the dividend payable on January, 18, 2017, to shareholders of record on January 4, 2017. This increase will result in a projected annual dividend rate of $0.86 per annum.

In addition, Choice Hotels' board of directors also approved increasing the number of shares authorized under its long-standing share repurchase program by 3 million shares.

For a dividend history and other dividend-related data on Choice Hotels (CHH) click here.

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