BETHESDA, Md., Nov. 9, 2023
/PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today
announced that its board of directors declared a quarterly cash
dividend of 52 cents per share of
common stock. The dividend is payable on December 29, 2023, to shareholders of record as
of the close of business on November 22,
2023. The Company also announced that its board has
increased the authorization to repurchase the Company's Class A
common stock by an additional 25 million shares, which are in
addition to the approximately 7.3 million shares that remained
available as of October 31, 2023 for
repurchase under prior authorizations. Year-to-date through
October 31, the Company has
repurchased 18.3 million shares for $3.3
billion.
Marriott International, Inc. (NASDAQ: MAR) is based in
Bethesda, Maryland, USA, and
encompasses a portfolio of nearly 8,700 properties across more than
30 leading brands in 139 countries and territories. Marriott
operates and franchises hotels and licenses vacation ownership
resorts all around the world. The company offers Marriott Bonvoy®,
its highly awarded travel program. For more information,
please visit our website at www.marriott.com, and for the latest
company news, visit www.marriottnewscenter.com. In addition,
connect with us on Facebook and @MarriottIntl
on X and Instagram.
Marriott encourages investors, the media, and others interested
in the company to review and subscribe to the information Marriott
posts on its investor relations website at
www.marriott.com/investor or Marriott's news center website at
www.marriottnewscenter.com, which may be material. The contents of
these websites are not incorporated by reference into this press
release or any report or document Marriott files with the SEC, and
any references to the websites are intended to be inactive textual
references only.
IRPR#1
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SOURCE Marriott International, Inc.