Marriott International, Inc. (NASDAQ:MAR) Announces Quarterly Dividend of $0.73

Marriott International, Inc. (NASDAQ:MAR) declared a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, November 19th will be paid a dividend of $0.73 per share on Thursday, December 31st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th.

Marriott International has increased its dividend payment by an average of 0.4% per year over the last three years and has raised its dividend every year for the last 3 years. Marriott International has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Marriott International to earn $13.49 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 21.6%.

Marriott International Trading Down 1.8%

Shares of Marriott International stock opened at $417.28 on Friday. Marriott International has a 1-year low of $279.87 and a 1-year high of $433.30. The firm has a fifty day simple moving average of $365.04 and a 200-day simple moving average of $357.63. The stock has a market capitalization of $107.45 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 3.14 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.18. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the business earned $2.47 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Marriott International will post 12.10 earnings per share for the current year.

About Marriott International

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.