3 big dividends: Choice Hotels hikes by 21% Pro Recap

(C) Reuters.

By Davit Kirakosyan

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Choice Hotels hikes its payout, PT raised at Morgan Stanley

Choice Hotels International (NYSE:CHH) hiked its dividend by 21.1% to $0.2875 per share, or $1.15 annualized, for an annual yield of 1%. The dividend will be payable on April 18, 2023, to stockholders of record on April 3, 2023, with an ex-dividend date of March 31, 2023.

The company reported its Q4 results last month, with both EPS and revenues coming in better than the consensus estimates.

Morgan Stanley raised its price target on the company to $134.00 from $129.00 while maintaining an Equalweight rating.

Aaron’s hikes, Logansport Financial declares special dividend

Aaron’s (NYSE:AAN) hiked its dividend by 11.1% to $0.125 per share, or $0.5 annualized, for an annual yield of 3.5%. The dividend will be payable on April 4, 2023, to stockholders of record on March 16, 2023, with an ex-dividend date of March 15, 2023.

The company reported its Q4 results yesterday, with EPS coming in better than the consensus estimates, however, its full 2023 year guidance missed the expectations.

Shares dropped more than 5% pre-market today.

Logansport Financial (OTC:LOGN) declared a special dividend of $2.50 per share, for an annual yield of 6.1%. The dividend will be payable on May 3, 2023, to stockholders of record on April 3, 2023, with an ex-dividend date of March 31, 2023.

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