Marriott Intl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Marriott Intl (NASDAQ:MAR) announced a quarterly dividend of 52 cents per share, with the ex-dividend date set for Thursday. Shareholders owning MAR by the end of Wednesday's session will be eligible for the dividend payout, which will be distributed on June 30, 2023.
May 22, 2023 | 2:50 pm
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Marriott Intl's stock will likely trade lower on Thursday due to the ex-dividend date, reflecting the 52 cents per share dividend payout.
The ex-dividend date causes the stock to trade lower as it reflects the dividend payout. In this case, Marriott Intl's stock will likely open 52 cents lower than it would have on any other day, impacting the short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100