What Wyndham Worldwide Corporation's Spin-Off Could Mean For Its Dividend's Future

I have been very pleased with my investment in Wyndham Worldwide Corporation (WYN) since I initiated my position back after investors began dumping shares of the company following a disappointing 2016 Q2 report. Since that time, the stock has recovered and has generated a 40% return. The dividend was also raised by 16% on February 28 of this year. The chart below shows the price action since I initiated my position:

Source: Freestockcharts.com
So why am I mentioning all this? The reason is because things are about to change. The question remains are the good things about my investment about to end?
Speculation began to swirl regarding a company split following the 2016 Q4 report. Then, on August 2, the company announced its plans to separate its hotel and timeshares businesses into two publicly traded companies. Wyndham will create the Wyndham Hotel Group which will be a pure-play hotel company, and Wyndham Vacation Ownership will become the world's largest publicly traded timeshare company. The split is expected to be completed in the first half of 2018.
According to the company announcement:

The transaction is expected to increase the fit and focus and strategic flexibility of the two post-spin companies, allow each company to maintain a sharper focus on its core business and growth opportunities, facilitate future capital raising as needed for the two companies, and position each to be better able to make the changes necessary to respond to... Read more

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