H World Group Limited (NASDAQ:HTHT) Increases Dividend to $0.95 Per Share

H World Group Limited (NASDAQ:HTHT) announced a — dividend on Monday, March 24th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be given a dividend of 0.95 per share on Wednesday, April 30th. This represents a yield of 4.1%. The ex-dividend date is Wednesday, April 9th. This is a 179.4% increase from H World Group’s previous — dividend of $0.34.

H World Group Price Performance

Shares of NASDAQ HTHT traded up $0.15 during mid-day trading on Monday, reaching $37.75. 1,360,115 shares of the company traded hands, compared to its average volume of 2,067,589. The firm has a market cap of $11.83 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The stock has a fifty day simple moving average of $34.63 and a 200-day simple moving average of $34.69.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HTHT. Benchmark reduced their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. HSBC lowered shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research report on Wednesday, February 5th. Finally, Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, H World Group presently has an average rating of “Moderate Buy” and an average price target of $44.68.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.