Marriott International increases dividend more than 17 percent

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Written by Linda Hohnholz

BETHESDA, MD – Marriott International, Inc today announced that its Board of Directors raised the company’s quarterly cash dividend by 3 cents ($0.03) to twenty cents ($0.20) per share, which represen

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BETHESDA, MD – Marriott International, Inc today announced that its Board of Directors raised the company’s quarterly cash dividend by 3 cents ($0.03) to twenty cents ($0.20) per share, which represents a more than 17 percent increase over the previous quarterly dividend amount of $0.17 per share. The dividend is payable on June 27, 2014 to shareholders of record on May 23, 2014.

Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 78 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.

WHAT TO TAKE AWAY FROM THIS ARTICLE:

  • MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 78 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013.
  • The dividend is payable on June 27, 2014 to shareholders of record on May 23, 2014.
  • 20) per share, which represents a more than 17 percent increase over the previous quarterly dividend amount of $0.

About the author

Avatar of Linda Hohnholz

Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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