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Park Hotels & Resorts (Park Hotels & Resorts) Dividend Yield %

: 9.15% (As of Today)
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As of today (2024-04-19), the Trailing Annual Dividend Yield of Park Hotels & Resorts is 9.15%.

Good Sign:

Park Hotels & Resorts Inc stock dividend yield is close to 3-year high.

The historical rank and industry rank for Park Hotels & Resorts's Dividend Yield % or its related term are showing as below:

PK' s Dividend Yield % Range Over the Past 10 Years
Min: 0.05   Med: 5.87   Max: 31.46
Current: 9.15

During the past 11 years, the highest Dividend Yield of Park Hotels & Resorts was 31.46%. The lowest was 0.05%. And the median was 5.87%.

PK's Dividend Yield % is ranked better than
66.79% of 837 companies
in the REITs industry
Industry Median: 7.13 vs PK: 9.15

Park Hotels & Resorts's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.06.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Park Hotels & Resorts Inc is 5.33, which seems too high.

During the past 11 years, the highest Dividend Payout Ratio of Park Hotels & Resorts was 5.33. The lowest was 0.15. And the median was 1.07.

As of today (2024-04-19), the Forward Dividend Yield % of Park Hotels & Resorts is 6.25%.

Park Hotels & Resorts's Dividends per Share for the three months ended in Dec. 2023 was $0.93.

During the past 12 months, Park Hotels & Resorts's average Dividends Per Share Growth Rate was 392.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 45.30% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Park Hotels & Resorts was 45.30% per year. The lowest was -47.20% per year. And the median was -37.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Park Hotels & Resorts Dividend Yield % Historical Data

The historical data trend for Park Hotels & Resorts's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Park Hotels & Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.34 5.83 - 2.40 9.02

Park Hotels & Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.40 3.40 4.37 5.68 9.02

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Park Hotels & Resorts Dividend Yield % Distribution

For the REITs industry and Real Estate sector, Park Hotels & Resorts's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Park Hotels & Resorts's Dividend Yield % falls into.



Park Hotels & Resorts Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Park Hotels & Resorts Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2502024-03-272024-03-292024-04-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.9302023-12-282023-12-292024-01-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.1502023-09-282023-09-292023-10-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.1502023-06-292023-06-302023-07-17Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Park Hotels & Resorts's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.48/16.13
=9.18 %

Current Share Price is $16.13.
Park Hotels & Resorts's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.48.

Park Hotels & Resorts's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1/16.13
=6.20 %

Current Share Price is $16.13.
Park Hotels & Resorts's Dividends per Share for the forward twelve months is calculated as $0.25 * 4 = $1.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Park Hotels & Resorts  (NYSE:PK) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Park Hotels & Resorts Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Park Hotels & Resorts's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Park Hotels & Resorts (Park Hotels & Resorts) Business Description

Traded in Other Exchanges
Address
1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102
Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.
Executives
Geoffrey Garrett director C/O PARK HOTELS & RESORTS, 1775 TYSONS BOULEVARD, 7TH FLOOR, TYSONS VA 22102
Thomas D Eckert director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Nancy M. Vu officer: SVP,Gen. Counsel & Secretary 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102
Thomas A Natelli director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Jill C Olander officer: See Remarks C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102
Baltimore Thomas J Jr director, officer: See Remarks PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Darren W Robb officer: See Remarks C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102
Carl A. Mayfield officer: EVP, Design and Construction C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Matthew Abram Sparks officer: See Remarks C/O HILTON GRAND VACATIONS, 5323 MILLENIA LAKES BLVD., SUITE 400, ORLANDO FL 32839
Hna Tourism Group Co., Ltd. 10 percent owner HNA BUILDING, NO. 7 GUOXING ROAD, HAIKOU F4 570203
Stephen I Sadove director
Mu Xianyu director C/O PARK HOTELS & RESORTS INC., 1600 TYSONS BOULEVARD, STE. 1000, MCLEAN VA 22102
Blackstone Real Estate Associates Vi L.p. 10 percent owner C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Blackstone Real Estate Partners Vi.te.2 Prime L.p. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Hlt Holdco Iii Prime Llc 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154

Park Hotels & Resorts (Park Hotels & Resorts) Headlines

From GuruFocus

Park Hotels & Resorts Inc. Announces Sale of Hilton Miami Airport

By GlobeNewswire GlobeNewswire 02-02-2023