Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Plans $0.40 Annual Dividend

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) declared an annual dividend on Thursday, August 29th, Zacks reports. Stockholders of record on Tuesday, September 17th will be given a dividend of 0.40 per share on Monday, September 30th. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 17th.

Atour Lifestyle has a dividend payout ratio of 36.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Atour Lifestyle to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 32.4%.

Atour Lifestyle Stock Down 3.2 %

Atour Lifestyle stock opened at $19.65 on Friday. The company’s fifty day simple moving average is $17.75 and its 200-day simple moving average is $18.13. Atour Lifestyle has a 12 month low of $15.06 and a 12 month high of $20.35. The stock has a market cap of $2.70 billion, a P/E ratio of 20.26, a P/E/G ratio of 0.49 and a beta of 0.59.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.