“`html
On Tuesday, Park Hotels & Resorts Inc (Symbol: PK) saw its shares yield above 9%, trading as low as $10.95 for the day. The quarterly dividend is annualized to $1. This yield is considered attractive compared to the historical total return of the stock market, which has provided a mere average annual total return of about 1% over a twelve-year period, even when dividends are reinvested.
Park Hotels & Resorts is part of the Russell 3000, indicating its status among the largest 3,000 companies in the U.S. stock market. Investors are advised to consider the volatility of dividend amounts, which generally depend on a company’s profitability, when evaluating the sustainability of this 9% annual yield.
“`
