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

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

Choice Hotels International Increases Dividend and Share Repurchase Authorization

December 16, 2016 3:26 PM EST

ROCKVILLE, Md., Dec. 16, 2016 /PRNewswire/ -- 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... More