Eight stocks to generate sustainable dividends as travel and leisure rebound

Sustainable dividends from hotel and leisure stocks spurred by rebounding travel.Cruise giant Carnival Corp. said its booking activity on Monday nearly doubled reservations on the same day in 2019 – pre-COVID-19. This week’s jump came after the company eliminated pre-cruise testing requirements for vaccinated guests. It will now also permit unvaccinated guests who test negative to embark. Other cruise lines are following suit.

Travel was already rebounding as the pandemic eases. Corresponding easing of vaccination and other mandates by governments and the private sector should further spur demand not only for cruise vacations , but also for hotels, timeshares and more. We’re using our TSI Dividend Sustainability Rating System to find sustainable-dividend payers among today’s top hotel and leisure firms. The system awards points to a stock based on key factors:Two points if it has raised the payment in the past five years;One point for operating in non-cyclical industries;Two points for a strong balance sheet, including manageable debt and adequate cash;One point if the company is an industry leader.

Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above-average sustainability; average sustainability, four to six points; and below-average sustainability, one to three points.

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