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

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) declared a quarterly dividend on Friday, May 10th, RTT News reports. Investors of record on Friday, May 24th will be paid a dividend of 0.63 per share on Friday, June 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Marriott International's previous quarterly dividend of $0.52.

Marriott International has raised its dividend payment by an average of 59.8% annually over the last three years and has increased its dividend every year for the last 1 years. Marriott International has a payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marriott International to earn $10.84 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 19.2%.

Marriott International Price Performance

Marriott International stock traded up $2.92 during mid-day trading on Friday, reaching $240.46. 1,145,242 shares of the stock traded hands, compared to its average volume of 1,437,666. The business's 50-day moving average is $246.37 and its 200-day moving average is $229.60. The stock has a market capitalization of $68.68 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.61. Marriott International has a 12-month low of $165.13 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the firm earned $2.09 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Marriott International will post 9.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAR shares. Mizuho increased their price target on shares of Marriott International from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. UBS Group lifted their price target on Marriott International from $210.00 to $259.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Robert W. Baird lifted their price objective on Marriott International from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. Finally, BMO Capital Markets boosted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a "market perform" rating in a report on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and a consensus target price of $241.33.

Insiders Place Their Bets

In other news, Director Eric Hippeau sold 1,400 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company's stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 in the last quarter. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Company Profile

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

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