Wyndham Worldwide to triple its dividend
(AP) — Hotel operator Wyndham Worldwide Corp. said Wednesday that it tripled its quarterly dividend to 12 cents from 4 cents.
The Parsippany, N.J., company plans to start the new dividend in the first quarter.
Wyndham also said it is restarting buybacks beginning with shares under its existing $200 million stock repurchase program. The program currently has $157 million still available.
The lodging company also announced Wednesday that it moved to a fourth-quarter profit.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
