Marriott International, Inc. (MAR) To Go Ex-Dividend on November 19th

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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th.

Marriott International has raised its dividend payment by an average of 0.4% annually over the last three years and has raised 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. Equities research 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 $416.47 on Friday. The firm has a market capitalization of $108.60 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 3.06 and a beta of 1.15. Marriott International has a one year low of $280.99 and a one year high of $433.30. The stock’s 50 day moving average price is $366.29 and its 200 day moving average price is $358.15.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.18. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 73.98%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. On average, analysts forecast that Marriott International will post 12.10 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAR. Freedom Broker lowered shares of Marriott International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets cut their target price on Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. TD Cowen raised shares of Marriott International to a “strong-buy” rating in a report on Tuesday, September 8th. Argus cut their price target on Marriott International from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $399.04.

Marriott International Company Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy.

The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.