Marriott (MAR) Increases Quarterly Dividend to $0.0875; Yields 0.9%; Increases Stock Buyback to 25M Shares

Marriott International, Inc. (NYSE: MAR) declares a $0.0875 quarterly dividend, $0.35 annualized. The dividend is an increase over the current dividend of $0.04. The dividend is payable on January 7, 2011 to shareholders of record on November 18, 2010. The ex-dividend date is November 16, 2010. Yield on the dividend is 0.9%. Marriott also announced that the Board has increased the authorization to repurchase the Company's Class A common stock to 25 million shares. Shares may be purchased in the open market or in privately negotiated transactions.... Read more

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