InterContinental Hotels Group PLC (IHG) Plans $0.70 None Dividend

InterContinental Hotels Group PLC (NYSE:IHG) announced a None dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Tuesday, April 3rd will be paid a dividend of 0.695 per share on Friday, May 11th. The ex-dividend date of this dividend is Monday, April 2nd.

InterContinental Hotels Group has a payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect InterContinental Hotels Group to earn $3.06 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 21.2%.

Shares of InterContinental Hotels Group (NYSE:IHG) traded up $0.20 during trading hours on Thursday, hitting $65.09. The stock had a trading volume of 145,747 shares, compared to its average volume of 386,751. InterContinental Hotels Group has a 12 month low of $48.39 and a 12 month high of $69.23. The company has a debt-to-equity ratio of -1.92, a current ratio of 0.73 and a quick ratio of 0.72.

A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded InterContinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research cut InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Credit Suisse Group upgraded InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st. Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Finally, Morgan Stanley upgraded InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.13.

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InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Dividend History for InterContinental Hotels Group (NYSE:IHG)

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