Marriott International Increases Quarterly Dividend From $0.52 To $0.63 Per Share
Portfolio Pulse from Benzinga Newsdesk
Marriott International, Inc. (NASDAQ:MAR) has announced a 21% increase in its quarterly cash dividend, from $0.52 to $0.63 per share, payable on June 28, 2024, to shareholders of record as of May 24, 2024. This increase reflects the company's earnings growth and strong cash generation.
May 10, 2024 | 4:32 pm
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Marriott International's dividend increase from $0.52 to $0.63 per share reflects its earnings growth and strong cash generation, indicating a positive outlook for the company.
Dividend increases are often viewed positively by the market as they signal a company's confidence in its financial health and outlook. Marriott's significant dividend increase suggests strong earnings growth and cash generation, which could lead to a positive short-term impact on its stock price.
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IMPORTANCE 90
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