Marriott International, Inc. (NASDAQ:MAR) Announces Quarterly Dividend of $0.73

Marriott International, Inc. (NASDAQ:MAR) declared a quarterly dividend on Thursday, November 5th. Shareholders 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 increased its dividend annually for the last 3 consecutive years. Marriott International has a dividend payout ratio of 25.7% meaning 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

NASDAQ:MAR opened at $417.28 on Friday. The company has a market capitalization of $107.45 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. Marriott International has a one year low of $279.87 and a one year high of $433.30. The stock has a 50-day simple moving average of $365.04 and a 200 day simple moving average of $357.63.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 negative return on equity of 69.94% and a net margin of 9.68%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period last year, the business posted $2.47 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Marriott International will post 12.10 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Deborah Harrison sold 3,500 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Marriott sold 3,500 shares of Marriott International stock in a transaction on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the sale, the insider directly owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 11.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MAR. State Street Corp raised its holdings in Marriott International by 2.9% during the second quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after buying an additional 272,044 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Marriott International in the 2nd quarter worth approximately $81,872,000. William Blair Investment Management LLC boosted its position in Marriott International by 255.5% during the second quarter. William Blair Investment Management LLC now owns 300,872 shares of the company’s stock worth $111,500,000 after purchasing an additional 216,241 shares during the period. Danske Bank A S boosted its position in Marriott International by 170.4% during the second quarter. Danske Bank A S now owns 326,743 shares of the company’s stock worth $121,088,000 after purchasing an additional 205,886 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Marriott International in the third quarter valued at approximately $65,604,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

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.