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Marriott International declares cash dividend

Feb 13, 2016

BETHESDA, MD - Marriott International, Inc today announced that its board of directors declared a quarterly cash dividend of 25 cents ($0.25) per share of common stock. The dividend is payable on March 31, 2016 to shareholders of record as of February 25, 2016.

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 36 million shares currently authorized for repurchase. Shares may be purchased in the open market or in privately negotiated transactions. The company repurchased 25.7 million shares for $1.94 billion in 2015.

The company's ability to repurchase Marriott shares has been limited by restrictions under the securities laws relating to the proposed merger with Starwood. These restrictions will continue until Starwood stockholders complete their vote on the proposed merger.

Marriott International declares cash dividend

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