Marriott International Declares Cash Dividend; Board Increases Stock
BETHESDA, Md., Feb. 15, 2013
BETHESDA, Md., Feb. 15, 2013 /PRNewswire/ -- Marriott International, Inc.
(NYSE: MAR) today announced that its board of directors declared a quarterly
cash dividend of thirteen cents ($0.13) per share of common stock.The
dividend is payable on March 29, 2013 to shareholders of record onMarch 1,
(Logo: http://photos.prnewswire.com/prnh/20090217/MARRIOTTINTLLOGO )
Marriott also announced that its board has increased the authorization to
repurchase the Company's Class A common stock by an additional 25 million
shares, for a total of approximately 34 million shares currently authorized
for repurchase. Shares may be purchased in the open market or in privately
negotiated transactions. The company repurchased 31.2 million shares for $1.2
billion in 2012.
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in
Bethesda, Maryland, USA with nearly 3,800 properties in 74 countries and
territories and reported revenues of over $12 billion in fiscal year 2011.
The company operates and franchises hotels and licenses vacation ownership
resorts under 18 brands. For more information or reservations, please visit
our web site at www.marriott.com, and for the latest company news, visit
SOURCE Marriott International, Inc.
Contact: Tom Marder, +1-301-380-2553, Thomas.firstname.lastname@example.org
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