Marriott International, Inc. (NASDAQ:MAR) to Issue Quarterly Dividend of $0.63

Marriott International, Inc. (NASDAQ:MAR) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.63 per share on Tuesday, December 31st. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st.

Marriott International has increased its dividend by an average of 59.8% annually over the last three years. Marriott International has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marriott International to earn $10.63 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 23.7%.

Marriott International Stock Performance

MAR stock opened at $281.45 on Tuesday. The firm has a market cap of $78.21 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 5.48 and a beta of 1.58. The firm has a fifty day moving average price of $257.65 and a 200 day moving average price of $242.15. Marriott International has a fifty-two week low of $200.94 and a fifty-two week high of $289.04.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Marriott International will post 9.26 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MAR. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Truist Financial reduced their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. BMO Capital Markets lifted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. UBS Group lowered their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Finally, Macquarie restated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average target price of $259.00.

Insiders Place Their Bets

In other news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock valued at $3,434,439 in the last 90 days. 10.07% of the stock is owned by insiders.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.