Marriott International, Inc. (NASDAQ:MAR) Shareholders Set to Receive $0.73 Quarterly Dividend

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

Marriott International has raised its dividend by an average of 0.4% annually 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% indicating that 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 Stock Performance

Marriott International stock opened at $417.28 on Friday. The business’s 50-day simple moving average is $365.04 and its two-hundred day simple moving average is $357.63. The company has a market cap of $107.45 billion, a PE ratio of 41.64, a PEG ratio of 3.14 and a beta of 1.15. Marriott International has a fifty-two week low of $279.87 and a fifty-two week high of $433.30.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.93 billion. During the same quarter last year, the company posted $2.47 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Marriott International will post 12.10 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Truist Financial raised their price target on shares of Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $445.00 price target on shares of Marriott International in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Marriott International from $388.00 to $406.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. China Intl Cap upgraded Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Finally, Erste Group Bank started coverage on Marriott International in a report on Thursday, August 27th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $394.48.

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.