Marriott International, Inc. (NASDAQ:MAR – Get Free Report) announced a quarterly dividend on Friday, May 8th. Investors of record on Friday, May 22nd will be paid a dividend of 0.73 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 22nd. This is a 9.0% increase from Marriott International’s previous quarterly dividend of $0.67.
Marriott International has raised its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Marriott International has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marriott International to earn $13.25 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 22.0%.
Marriott International Price Performance
Shares of MAR stock opened at $358.69 on Wednesday. The business’s fifty day moving average price is $344.70 and its 200 day moving average price is $324.71. Marriott International has a 1-year low of $253.55 and a 1-year high of $380.00. The firm has a market capitalization of $94.58 billion, a PE ratio of 37.64, a P/E/G ratio of 2.86 and a beta of 1.11.
Marriott International Company Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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