Marriott International Inc Declares Quarterly Dividend of $0.48 (NASDAQ:MAR)
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 given a dividend of 0.48 per share on Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.44%.
Shares of NASDAQ:MAR opened at $133.20 on Friday. Marriott International has a 52 week low of $100.62 and a 52 week high of $144.24. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $44.03 billion, a PE ratio of 21.45, a PEG ratio of 3.42 and a beta of 1.27. The company has a 50 day moving average price of $123.92 and a two-hundred day moving average price of $130.93.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.02). Marriott International had a net margin of 6.28% and a return on equity of 117.92%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the company posted $1.70 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that Marriott International will post 5.9 earnings per share for the current year.
In other news, Director Bruce W. Duncan sold 3,376 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total value of $446,172.16. Following the completion of the transaction, the director now owns 14,600 shares in the company, valued at $1,929,536. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Munoz sold 4,866 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $133.61, for a total transaction of $650,146.26. Following the completion of the transaction, the director now owns 6,754 shares of the company’s stock, valued at approximately $902,401.94. The disclosure for this sale can be found here. Insiders sold 23,157 shares of company stock valued at $3,008,421 in the last quarter. Corporate insiders own 12.60% of the company’s stock.
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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