Extended Stay America, Inc. (NASDAQ:STAY) will begin trading ex-dividend on November 23, 2020. The quarterly dividend payment of $ 0.01 per share is scheduled to be paid on December 8, 2020. The dividend yield based on the latest trading day closing price was 0.31 percent. Shareholders who purchased STAY shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Extended Stay America, Inc. recently reported third quarter financial results on November 9, 2020, after market close, the Charlotte based company recorded income for the third quarter of $ 0.19 per share, from the revenue of $ 285.89 million. The quarterly earnings dropped 42.42 percent while revenues lowered 14.07 percent compared with the same quarter last year.
Wall street analysts are predicting, STAY to report 3Q20 income of $ 0.11 per share from revenue of $ 273.52 million. The bottom line results beat street analysts by $ 0.08 or 72.73 percent, at the same time, top line results outshined analysts by $ 12.37 million or 4.52 percent.
Stock Performance
Shares of Extended Stay America, Inc. traded up $ 0.14 or 1.10 percent on Thursday, reaching $ 12.85 with volume of 1.17 million shares. Extended Stay America, Inc. has traded high as $ 12.93 and has cracked $ 12.53 on the downward trend
According to the previous trading day, closing price of $ 12.85, representing a 137.57 % increase from the 52 week low of $ 5.35 and a 15.6 % decrease over the 52 week high of $ 15.06.
The company has a market capital of $ 2.28 billion and is part of the Consumer Cyclical sector and Lodging industry.
Extended Stay America, Inc., together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2019, the company had a network of 627 hotels. It serves customers in the mid-priced extended stay segment.
