MARRIOTT INTERNATIONAL DECLARES AN INCREASE IN QUARTERLY CASH DIVIDEND

Marriott International, Inc. (Nasdaq: MAR) announced a 21% increase in its quarterly cash dividend, raising it to 63 cents per share from 52 cents.

Rhea-AI Summary

Marriott International, Inc. (Nasdaq: MAR) announced a 21% increase in its quarterly cash dividend, raising it to 63 cents per share from 52 cents. The dividend is payable on June 28, 2024, to shareholders of record on May 24, 2024. The company attributes the raise to its earnings growth and strong cash generation.

Positive

• 21% increase in quarterly cash dividend to 63 cents per share.

• Reflects the company's earnings growth and strong cash generation.

Negative

• None.

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BETHESDA, Md., May 10, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock, which represents a 21 percent increase over the previous quarterly dividend amount of 52 cents per share and reflects the company's earnings growth and strong cash generation. The dividend is payable on June 28, 2024, to shareholders of record as of the close of business on May 24, 2024.

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 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.

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SOURCE Marriott International, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Marriott International's stock symbol?

Marriott International's stock symbol is MAR.

When will the increased quarterly cash dividend be payable?

The increased dividend of 63 cents per share will be payable on June 28, 2024.

What was the previous quarterly dividend amount?

The previous quarterly dividend amount was 52 cents per share.

Where is Marriott International based?

Marriott International is based in Bethesda, Maryland, USA.

How many properties does Marriott International have?

Marriott International has a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories.