SmarterDividends
TNL

Travel + Leisure Co.

TNL

Consumer Cyclical · Travel Services · Stock · quarterly payer

$64.59

Fairly valued · -7% Add to Portfolio

Forward Yield

3.72%

Annual Dividend

$2.40

Payout Ratio

63%

5-Yr Growth

7.0%

Ex-Date

Sep 16, 2026

Frequency

Quarterly

Key facts about TNL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Travel + Leisure Co. (TNL) has a forward dividend yield of 3.72%, based on an annual dividend of $2.40 per share and a share price of $64.59.
  • As of Oct 18, 2026, TNL's dividend safety grade from SmarterDividends is B (67 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Travel + Leisure Co. (TNL) has raised its dividend for 4 consecutive years as of Oct 18, 2026.
  • TNL last cut its regular dividend in 2021.
  • TNL's most recent ex-dividend date was Sep 16, 2026, for a dividend of $0.60 per share.
  • As of Oct 18, 2026, TNL pays out 63% of its trailing 12-month earnings as dividends (its payout ratio).
  • TNL's dividend has grown at an average rate of 7.0% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for TNL is $60.17 per share, 7% below the $64.59 share price, so TNL screens as fairly valued.
  • Travel + Leisure Co. (TNL) pays its dividend quarterly, 4 times a year.
  • Travel + Leisure Co. (TNL) has raised its regular dividend 18 times and cut it 1 time across the 77 payments on record since 2007. Its most recent change was a 7.1% increase to $0.600 per share, going ex-dividend on Mar 20, 2026. The last cut went ex-dividend on Sep 14, 2020.
Cite this page

SmarterDividends, "TNL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/TNL

Summary

As of Oct 18, 2026, Travel + Leisure Co. (TNL) yields 3.72% ($2.40 a year per share), has a dividend safety grade of B (67/100) and has 4 consecutive years of dividend increases on record.

Is TNL a good dividend stock?

Yes, with caveats

Travel + Leisure Co. (TNL) pays a quarterly dividend yielding 3.72% ($2.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Strong 7.0% 5-yr dividend growth

Risks

  • Cut its dividend in 2021

Key Data

Dividend Yield
3.72%
Payout Ratio
63%
Annual Dividend
$2.40
5-Yr Avg Growth
7.0%
Ex-Dividend Date
Sep 16, 2026
Years of Growth
4
Frequency
quarterly
Beta
1.21
Market Cap
$4.0B
P/E Ratio
17.6
5-Yr Total Return
31%
52-Week Range
$59.97 – $81.00
Dividend Safety
B · 67/100
Ever Cut?
Yes (2021)

TNL dividend raises and cuts

Travel + Leisure Co. (TNL) has raised its regular dividend 18 times and cut it 1 time across the 77 payments on record since 2007. Its most recent change was a 7.1% increase to $0.600 per share, going ex-dividend on Mar 20, 2026. The last cut went ex-dividend on Sep 14, 2020.

Ex-dateChangeOld → newMove
Mar 20, 2026Raise$0.560 → $0.600+7.1%
Mar 17, 2025Raise$0.500 → $0.560+12.0%
Mar 20, 2024Raise$0.450 → $0.500+11.1%
Mar 14, 2023Raise$0.400 → $0.450+12.5%
Mar 14, 2022Raise$0.350 → $0.400+14.3%
Dec 14, 2021Raise$0.300 → $0.350+16.7%
Sep 14, 2020Cut$0.500 → $0.300−40.0%
Mar 13, 2020Raise$0.450 → $0.500+11.1%
Mar 15, 2019Raise$0.410 → $0.450+9.8%
Jun 14, 2018Raise$0.298 → $0.410+37.6%
Mar 14, 2018Raise$0.262 → $0.298+13.8%
Mar 15, 2017Raise$0.226 → $0.262+16.0%
Show all 19 changes since 2010
Ex-dateChangeOld → newMove
Mar 9, 2016Raise$0.190 → $0.226+19.0%
Mar 11, 2015Raise$0.158 → $0.190+20.0%
Mar 12, 2014Raise$0.131 → $0.158+20.7%
Mar 12, 2013Raise$0.104 → $0.131+26.1%
Mar 13, 2012Raise$0.0677 → $0.104+53.3%
Mar 8, 2011Raise$0.0542 → $0.0677+25.0%
Mar 4, 2010Raise$0.0181 → $0.0542+200.0%
Every TNL payment →Download every raise and cut (CSV)
TNL ex-dividend date & scheduleNext ex-date Sep 16, 2026 · full ex-dividend historyView →TNL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is TNL a good dividend stock?

Yes, with caveats. Travel + Leisure Co. (TNL) pays a quarterly dividend yielding 3.72% ($2.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is TNL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TNL's fair value is about $60.17 versus a $64.59 share price — so it looks fairly valued (-7% vs. fair value).

Is TNL's dividend safe?

TNL has a dividend-safety grade of B (67/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is TNL's fair value?

Our blended fair-value estimate for TNL is about $60.17 per share, about 7% below the current $64.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TNL a buy, hold, or sell?

We don't issue formal ratings, but on the data TNL screens as "yes, with caveats" and fairly valued. Travel + Leisure Co. (TNL) pays a quarterly dividend yielding 3.72% ($2.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will TNL cut its dividend?

TNL earns a dividend-safety grade of B (67/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TNL pay a dividend?

Yes. Travel + Leisure Co. pays a quarterly dividend of about $2.40 per share annually, a forward yield of roughly 3.72%.

What is TNL's dividend yield?

As of Oct 18, 2026, TNL's forward dividend yield is 3.72%, based on a $2.40 annual dividend and a $64.59 share price.

What is TNL's dividend per share?

As of Oct 18, 2026, TNL pays $2.40 per share per year, distributed on a quarterly basis.

What is TNL's dividend payout ratio?

As of Oct 18, 2026, TNL's payout ratio is 63% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has TNL grown its dividend?

As of Oct 18, 2026, TNL has increased its dividend for 4 consecutive years.

When is the next TNL ex-dividend date?

As of Oct 18, 2026, TNL's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $0.60 per share.

Income Calculator

At $2.40 / yr per share

Per payment (quarterly)$60.00
Annual$240.00
Monthly avg$20.00

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