As per Marriott International (NASDAQ:MAR)’s news release on 2016-05-06, its shareholders will get cash dividend of $0.3 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-20 and 2016-06-30, respectively.
The stock will commence trading ex-dividend from 2016-05-18, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Marriott International (NASDAQ:MAR) disbursed $0.3 in dividend compared to distribution of $0.3, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 23.3766%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Marriott International (NASDAQ:MAR) to attain a price target of $73.153. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $93. The low price range is set at $56 for next year while the arithmetic mean is seen at 2.5.
Eyeing Earnings Marriott International (NASDAQ:MAR) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.93 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Marriott International (NASDAQ:MAR) earnings came at $1.03 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.98 for the quarter.
Shares of the Marriott International (NASDAQ:MAR) traded in the range of $71.3 to $72.55 and closed the last trading session at $71.94 on a volume of ((Volume:238}}.
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