Thursday, March 24, 2016

Opened position in Wyndham Worldwide

A couple days ago I opened a new position in Wyndham Worldwide, the hotel and vacation lodging company. Wyndham has perhaps the best array of economy hotel brands there is: Super 8, Days Inn, Knights Inn, Travelodge and a few others. It also has higher-end brands, business travel brands and a timeshare business. 

I bought Wyndham because it has great potential as a dividend grower. Dividend growth is somewhat lacking in my portfolio, and Wyndham is a nice way to get it. The dividend is currently some 25% of free cash flow, so there is a lot of upside here. 

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