Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) Updates On Dividend Release Date

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On 2016-05-09, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) confirmed the dividend disbursement of $0.375 a share to shareholders as on record 2016-05-20. The firm will release dividend on 2016-06-03 while ex-dividend date is reported to be 2016-05-18.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) paid a total of $0.375 per share in dividends. This figure stood at $0.375 a share in the same period a year ago indicating a deviation of -62.5%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $81.25 on the stock. This figure is the average of recommendations offered by 12 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $93 and $70, respectively.

Taking the mathematical rating formula, the price for Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) stands at 3.06. Earnings Review Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.73.

Coming to the quarter ending on 2015-12-31, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) recorded EPS of $0.71. The reported numbers came lower than the analysts’ estimates of $0.73, demonstrating a miss of $-0.02 as against reported figures.

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