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.
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