#7 - Marriott International (NASDAQ:MAR)
Marriott International (NASDAQ: MAR) has been a big winner as travel stocks have done exceptionally well since the travel boom that started in 2021. That’s evident in the MAR stock price, which is up 25% in 2024 as of December 23.
Even though it doesn’t appear the travel boom will go bust anytime soon, MAR stock is trading near its 52-week high. That means it’s not only possible but likely that the stock will have a short-term pullback.
Nevertheless, Marriott continues to look attractive as both a growth and a dividend stock. The company’s latest earnings report was mixed, but its revenue and earnings were higher on a year-over-year basis.
That means that the company is likely to continue aggressively growing the dividend it suspended at the outset of the pandemic in 2020. In the last three years, Marriott has delivered an average annual return of over 59%. And the company achieved this with a sustainable payout ratio of around 28%.
About Marriott International
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.
More- Current Price
- $277.47
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $284.05 (2.4% Upside)
With the strong growth of many artificial intelligence stocks, dividend investing may seem too conservative for many investors. But solid dividend payers can keep you from experiencing FOMO while providing assurance that you're investing in companies that deliver strong revenue and earnings. This is particularly true for companies that raise their dividend annually, like the ones in this report.
But how do you find great dividend stocks? To help come up with this list, we used the MarketBeat dividend screener. This allows investors to filter their selections based on various factors such as payout ratio, three-year dividend growth percentage, years of dividend growth, annual dividend yield, and more.
However, for this list, we focused on two specific areas. First, we were looking for companies that averaged annual dividend growth of at least 10% over the past three years. Second, we looked at companies with a dividend payout ratio of 60% or less, which suggests the dividend is sustainable.
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