How bad can it get?

[TJCNewYork]

Marriott International Declares Cash Dividend

Can you post a link to the source of this?

Quoting Reuters:

Marriott International, Inc. Declares Cash Dividend
Friday, 11 Feb 2011 12:15pm EST

Marriott International, Inc. announced that its board of directors declared a quarterly cash dividend of $0.0875 per share of common stock. The dividend is payable on April 1, 2011 to shareholders of record on February 25, 2011.

 

[SueDonJ]

Quoting Reuters:

Marriott International, Inc. Declares Cash Dividend
Friday, 11 Feb 2011 12:15pm EST

Marriott International, Inc. announced that its board of directors declared a quarterly cash dividend of $0.0875 per share of common stock. The dividend is payable on April 1, 2011 to shareholders of record on February 25, 2011.

I don't think that's what windje is looking for, TJC. Somehow someway I got it in my head that the special dividend later this year related to the spin-off would be issued to MAR shareholders of record as of 2/25, and he's looking for the source for that.

I could still swear that I saw it somewhere in all the related articles, can still see it in my head and read my note about it, but none of that matters because if it did truly exist it's now disappeared off the face of the earth. Maybe it's proof that I've lost my mind.

 

[Fredm]

Pretty hard to have an x-dividend date for stock that has not yet been approved for issue. Just saying...

 

[SueDonJ]

Pretty hard to have an x-dividend date for stock that has not yet been approved for issue. Just saying...

Well there you go, no "maybe" about it. I've officially lost my mind.

 

[Cmore]

Well there you go, no "maybe" about it. I've officially lost my mind.

I think the special dividend you may have been thinking of is actually the spin off shares that will distributed to MAR shareholders by the end of the year. I just googled "Marriott to issue special dividend" and a number of articles popped up. Some old about Marriott Host becoming a REIT and the ones about the spin off of the time share division. I don't recall seeing any date of record being published for this as I have been following it both as an mvci weeks owner as well as a MAR shareholder.

 

[BobG7734]

Dave M.

Where are you in this whole discussion?? We know that you are retired (as I am) but would love to hear your input.

 

[DanCali]

Good gravy, so the folks who aren't naysayers are not only supposed to be buying DC Points to show the courage of their convictions, but they're supposed to buy the stock too? I'll make a deal with you - as soon as you take whatever loss is necessary to just walk away from your Weeks lock, stock and barrel, ASAP, with no thought at all of the best price you can get, then I'll buy shares.

I am not sure what me keeping or not keeping my weeks has to do with your or wof's stock holdings. Since I rent my Platinum NCV weeks at about $1000 over MFs, I like my current ROI of 10%+ and have no intention to sell them. What you do with your stocks is up to you - I won't tell you what to do or give you any advice.

And for the record - I never said wof should buy any anything. I just asked him if he bought stock given his assertion that various multiples will expand (which I understood to imply a higher stock price). And it looks like he didn't...

 

[wof45]

And for the record - I never said wof should buy any anything. I just asked him if he bought stock given his assertion that various multiples will expand (which I understood to imply a higher stock price). And it looks like he didn't...

I never said that Marriott was or was not a good stock to buy --
what I did say was that the decision to spin off time shares had nothing to do with all the black helicopter speculation.

The spinoff is to give Mariott Intl a higher stock price as a hotel only stock.
a I read the market, these machinations to raise the stock price eventually hurt stock buyers since fools tend to rush in on the change, and only benefit day traders.

 

[TJCNewYork]

Maybe it's proof that I've lost my mind.

Whenever I experiences a loss, condolences offer support. But, that seems inappropriate. Will sympathy help? FWIW, Marriott typically declares dividends here. And, if anyone is looking for Facts about Marriott Vacation Club, check out pages 4-5 of the Marriott Factbook, here.