Updated
Updated · MarketWatch · May 8Marriott International raises quarterly dividend 9%
12 articles · Updated · MarketWatch · May 8
- The payout increases to 73 cents a share from 63 cents, equivalent to $2.92 annually.
- Based on Marriott's Friday closing stock price of $353.18, the new dividend implies an annual yield of about 0.8%.
- The dividend will be paid on 30 June to shareholders on record as of 22 May.
With insiders selling millions, is Marriott's dividend hike a sign of confidence or a clever distraction for investors? As rising costs challenge profits, can Marriott's loyalty program justify its premium stock price? Marriott's stock has soared over 50%, but is its premium valuation now the company's greatest risk?