May 12, 2023

‍

‍

‍

Marriott International, Inc. (NYSE: MAR) has declared a quarterly cash dividend of 52 cents per share of common stock, representing a 30 percent increase over the previous quarterly dividend amount of 40 cents per share. The announcement was made on May 13, 2023, and reflects the Company's earnings growth and strong cash generation.

‍

Dividend Details

The dividend payout is scheduled for June 30, 2023, to shareholders of record as of the close of business on May 26, 2023. The increased dividend payout indicates the Company's commitment to rewarding its shareholders for their investment and trust.

‍

Marriott International's Performance

Marriott International, Inc. is a global leader in the hotel and lodging industry, with more than 7,600 properties across 133 countries and territories. Despite the challenges posed by the COVID-19 pandemic, the Company has demonstrated resilience and adapted to changing market conditions.

In the first quarter of 2023, Marriott International reported revenues of $3.6 billion, an increase of 56% compared to the same period last year. The Company's net income was $422 million, or $1.25 per diluted share, compared to a net loss of $232 million, or a loss of $0.72 per diluted share, in the first quarter of 2022.

‍

‍

‍

Members of LevelFields received the alert of this event on May 12, 4:40 PM ET

Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions,and let LevelFields help you become a better trader.