As per Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT)’s news release on 2016-05-09, its shareholders will get cash dividend of $0.375 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-20 and 2016-06-03, 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 Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) disbursed $0.375 in dividend compared to distribution of $0.375, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -62.5%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) to attain a price target of $81.25. It is an average estimate figure given by 12 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 $70 for next year while the arithmetic mean is seen at 3.06.
Eyeing Earnings Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.73 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) earnings came at $0.71 suggesting a deviation of $-0.02. The brokerages targeted EPS of $0.73 for the quarter.
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