Booking Holdings (NASDAQ:BKNG) Has Announced That It Will Be Increasing Its Dividend To $9.60

Booking Holdings Inc. (NASDAQ:BKNG) has announced that it will be increasing its dividend from last year’s comparable payment on the 31st of March to $9.60. Even though the dividend went up, the yield is still quite low at only 0.8%.

Check out our latest analysis for Booking Holdings

Booking Holdings’ Future Dividend Projections Appear Well Covered By Earnings

It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. Before making this announcement, Booking Holdings was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business.

The next year is set to see EPS grow by 62.8%. If the dividend continues on this path, the payout ratio could be 12% by next year, which we think can be pretty sustainable going forward.

Booking Holdings Is Still Building Its Track Record

The company…