Marriott International Inc (NASDAQ:MAR) Announces Quarterly Dividend of $0.48

Marriott International Inc (NASDAQ:MAR) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.48 per share on Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, November 20th.

Shares of MAR stock opened at $135.68 on Tuesday. Marriott International has a one year low of $100.62 and a one year high of $144.24. The company’s 50-day moving average is $125.77 and its 200 day moving average is $130.86. The company has a market capitalization of $44.31 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27. The company has a debt-to-equity ratio of 13.63, a quick ratio of 0.51 and a current ratio of 0.51.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Marriott International had a net margin of 6.28% and a return on equity of 134.91%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. As a group, research analysts predict that Marriott International will post 5.9 earnings per share for the current fiscal year.

MAR has been the topic of a number of recent analyst reports. BidaskClub raised shares of Marriott International from a “sell” rating to a “hold” rating in a report on Saturday. Cowen set a $140.00 price target on shares of Marriott International and gave the company a “buy” rating in a report on Wednesday, October 9th. ValuEngine raised shares of Marriott International from a “sell” rating to a “hold” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $128.00 price target on shares of Marriott International in a report on Wednesday, November 6th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $123.00 price target on shares of Marriott International in a report on Wednesday, November 6th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $135.50.

In other news, Director George Munoz sold 4,866 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $133.61, for a total value of $650,146.26. Following the transaction, the director now owns 6,754 shares in the company, valued at approximately $902,401.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Argiris Kyriakidis sold 1,100 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $134.21, for a total transaction of $147,631.00. Following the completion of the transaction, the director now owns 14,108 shares in the company, valued at approximately $1,893,434.68. The disclosure for this sale can be found here. 12.60% of the stock is owned by corporate insiders.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Dividend History for Marriott International (NASDAQ:MAR)

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