Wyndham Worldwide (NYSE: WYN), the hotel franchisor behind the Days Inn and Super 8 lodging brands, said its fourth-quarter rose 40 cents a share, above the company's previous guidance of 35 cents tot 38 cents a share and the company will triple its quarterly dividend as a result.

The company will pay a first-quarter dividend of 12 cents a share up from four cents.

Wyndham also announced it would resume repurchasing its own shares.

The company has $157 million left on a $200 million share buyback plan.

Based on Wednesday's closing price, Wyndham's yield will jump to 2.1% from 0.80%.

Wyndham expects EBITDA of $775 million to $825 million on revenue of $3.5 billion to $3.9 billion this year.