What is Hilton Worldwide Holdings Inc.?
News: Hilton Worldwide Holdings Inc. (NYSE: HLT) is a global hospitality company known for its iconic hotel brands, including Hilton Hotels & Resorts, Waldorf Astoria, DoubleTree, and Hampton Inn. With a rich history dating back to 1919, Hilton has established itself as a leader in the hospitality industry.
Understanding Dividends
Dividends are a way for companies to share their profits with shareholders. When a company earns money, it can choose to reinvest it in the business or distribute it to shareholders. Hilton Worldwide Holdings follows a regular dividend payout schedule.
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Hilton’s Dividend Information
1. Annual Dividend: Hilton pays an annual dividend of $0.60 per share.
2. Forward Yield: The forward yield, which indicates the expected return on investment from dividends, stands at 0.31%.
3. Ex-Dividend Date: The next ex-dividend date is February 22, 2024.
4. Payout Frequency: Hilton distributes dividends every three months.
6. Payout Ratio: The current payout ratio is 13.86%, reflecting the portion of earnings paid out as dividends.
Dividend History
Here’s a glimpse of Hilton’s recent dividend history:
1. February 22, 2024: Dividend of $0.150 per share (Record Date: February 23, 2024, Pay Date: March 28, 2024)
2. November 16, 2023: Dividend of $0.150 per share (Record Date: November 17, 2023, Pay Date: December 29, 2023)
3. August 24, 2023: Dividend of $0.150 per share (Record Date: August 25, 2023, Pay Date: September 29, 2023)
4. May 18, 2023: Dividend of $0.150 per share (Record Date: May 19, 2023, Pay Date: June 30, 2023)
Investor Takeaway
Hilton Worldwide Holdings Inc. remains committed to rewarding its shareholders through regular dividends. As an investor, keep an eye on ex-dividend dates and consider Hilton’s dividend history when making investment decisions.
About Hilton Worldwide Holdings Inc. :
Hilton’s Impressive Portfolio
Hilton’s impressive portfolio includes 7,530 properties (including timeshare properties) with a staggering 1,182,937 rooms spread across 118 countries and territories. Here’s a glimpse of their diverse offerings:
1. Brands: Hilton proudly hosts 22 distinct brands, catering to various market segments. Some of these include:
- Conrad Hotels & Resorts
- Canopy by Hilton
- Curio
- Hilton Hotels & Resorts
- DoubleTree by Hilton
- Embassy Suites by Hilton
- Hilton Garden Inn
- Hampton by Hilton
- Homewood Suites by Hilton
- Home2 Suites by Hilton
- Hilton Grand Vacations Club
- Waldorf Astoria Hotels & Resorts
2. Financial Snapshot:
- Revenue: In 2023, Hilton’s revenue reached US$10.2 billion.
- Operating Income: The company reported an operating income of US$2.22 billion in the same year.
- Net Income: Hilton’s net income stood at US$1.15 billion.
- Total Assets: The company’s total assets amounted to US$15.4 billion.
- Total Equity: Interestingly, Hilton’s total equity was listed as US$−2.3 billion.
3. Ownership Structure:
- Hilton owns or leases 51 properties directly.
- They manage 800 properties.
- Additionally, they franchise out 6,679 properties to independent franchisees or companies.
Historical Journey
1. Founding: Conrad Hilton kickstarted his hotel empire by purchasing the 40-room Mobley Hotel in Cisco, Texas in 1919.
2. First Hilton Hotel: In 1925, the Dallas Hilton became the first hotel to bear the Hilton name.
3. Public Company: After several transformations, Hilton became a public company again on December 12, 2013, raising an estimated $2.35 billion in its second IPO.
4. Ownership Changes: Over the years, ownership stakes shifted, with Blackstone Inc., HNA Group, and Wellington Management Company playing significant roles.
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