Trip.com Group Limited (NASDAQ:TCOM) Declares — Dividend of $0.30

Trip.com Group Limited (NASDAQ:TCOM) announced a — dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.30 per share on Friday, April 4th. The ex-dividend date of this dividend is Monday, March 17th.

Trip.com Group has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Trip.com Group to earn $3.57 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.4%.

Trip.com Group Trading Up 2.0 %

Shares of TCOM stock opened at $62.03 on Friday. The firm has a 50-day moving average price of $65.74 and a 200 day moving average price of $63.06. Trip.com Group has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.67 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays boosted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $77.08.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.