Marriott International Board of Directors Declares Quarterly Cash Dividend; Appoints Current CEO Anthony Capuano as President and CEO

Rhea-AI Summary

Marriott International (NASDAQ: MAR) announced a quarterly cash dividend of 40 cents per share, payable on March 31, 2023, to shareholders of record as of February 24, 2023. Additionally, the board appointed Anthony "Tony" Capuano as both President and CEO effective February 24, 2023, following the planned departure of former President Stephanie Linnartz to Under Armour. This announcement reflects Marriott's commitment to providing returns to shareholders while ensuring stable leadership amid ongoing industry challenges.

Positive

• Declared a quarterly cash dividend of 40 cents per share, enhancing shareholder value.
• Appointment of Anthony Capuano as President and CEO may provide leadership stability.

Negative

• None.

News Market Reaction – MAR

+1.75%

+1.75% Session move

In the trading session that priced this news, MAR gained 1.75%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BETHESDA, Md., Feb. 10, 2023 /PRNewswire/ -- Marriott International (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 40 cents per share of common stock. The dividend is payable on March 31, 2023, to shareholders of record as of February 24, 2023.

In addition, the Marriott board appointed current Chief Executive Officer (CEO), Anthony "Tony" Capuano, as President and CEO effective February 24, 2023. As previously announced, Marriott's current President, Stephanie Linnartz, will be stepping down to become CEO of Under Armour. 

About Marriott International
Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,300 properties under 30 leading brands spanning 138 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. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

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SOURCE Marriott International, Inc.

FAQ

What is the dividend amount declared by Marriott International?

Marriott International declared a quarterly cash dividend of 40 cents per share.

When is the dividend payable?

The dividend is payable on March 31, 2023.

When is the record date for the dividend?

The record date for the dividend is February 24, 2023.

Who is the new CEO of Marriott International?

Anthony "Tony" Capuano was appointed as President and CEO effective February 24, 2023.