MARRIOTT INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Marriott International, Inc. (MAR) has declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on March 29, 2024, to shareholders of record as of the close of business on February 22, 2024. The company operates and franchises hotels, licenses vacation ownership resorts, and offers the Marriott Bonvoy travel program. With nearly 8,800 properties across more than 30 leading brands in 139 countries and territories, Marriott International is a significant player in the global hospitality industry.

Insights

Financial Analyst

The declaration of a quarterly cash dividend by Marriott International, Inc. is a direct reflection of the company's current financial health and its ability to generate sufficient cash flow. A dividend payout, especially one that is consistent or growing, is often interpreted as a signal of a company's stability and maturity. Investors typically view such announcements positively, as it implies confidence from the management in the company's profitability and financial strategy.

However, it is crucial to consider the dividend yield, which is calculated by dividing the annual dividends per share by the stock price. If the yield is significantly higher than what is generally seen in the hospitality industry, it might suggest that the stock is undervalued. Conversely, a lower yield could indicate an overvalued stock or a robust growth strategy, with profits being reinvested into the company rather than paid out to shareholders.

Long-term implications for stakeholders include the attractiveness of the stock for income-focused investors, such as retirees or those seeking steady cash flows. On the flip side, a heavy dividend focus can sometimes come at the expense of reinvestment in the business, potentially hindering growth opportunities. It's important for the company to strike a balance between rewarding shareholders and funding future expansion.

Market Research Analyst

Marriott's announcement should be considered in the context of the hospitality industry's recovery trajectory post-pandemic. The ability to pay dividends might indicate that Marriott is experiencing a rebound in occupancy rates and overall travel demand. This could be a positive sign for the sector as a whole, suggesting a return to pre-pandemic business levels.

Moreover, Marriott's extensive portfolio and global presence position it as a bellwether for the industry. Its performance can provide insights into the economic health of the travel and tourism sector globally. A regular dividend payout could reflect not just on Marriott's performance but also on broader economic trends, such as consumer spending habits and corporate travel budgets.

It's also worth noting that the Marriott Bonvoy® program's success can be a contributing factor to the company's financial performance. Loyalty programs are designed to increase customer retention and can be a significant source of revenue. The performance of such programs can have material implications for the company's long-term profitability.

BETHESDA, Md., Feb. 8, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on March 29, 2024, to shareholders of record as of the close of business on February 22, 2024.

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,800 properties across more than 30 leading brands in 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.  For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the SEC, and any references to the websites are intended to be inactive textual references only.

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SOURCE Marriott International, Inc.

FAQ

When is the quarterly cash dividend payable for Marriott International, Inc. (MAR)?

The quarterly cash dividend of 52 cents per share of common stock is payable on March 29, 2024.

What is the record date for the dividend for Marriott International, Inc. (MAR)?

The record date for the dividend is the close of business on February 22, 2024.

How many properties does Marriott International, Inc. (MAR) have?

Marriott International, Inc. (MAR) has nearly 8,800 properties across more than 30 leading brands in 139 countries and territories.

What does Marriott International, Inc. (MAR) offer?

Marriott International, Inc. (MAR) operates and franchises hotels, licenses vacation ownership resorts, and offers the Marriott Bonvoy travel program.