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Wyndham discloses expected dividends for post-spinoff entities

Hotel company Wyndham Worldwide Corp. disclosed the expected dividends for its post-spinoff companies Wyndham Hotels & Resorts Inc. and Wyndham Destinations Inc.

Wyndham Worldwide, which will be renamed Wyndham Destinations after the spinoff of Wyndham Hotels, expects to pay a quarterly dividend of 41 cents per share, while Wyndham Hotels expects to pay a quarterly dividend of 25 cents per share, starting in June.

The dividends in whole represent Wyndham Worldwide Corp.'s current quarterly dividend of 66 cents per share.