Marriott (MAR) Declares $0.33 Quarterly Dividend; 30M Share Buyback Plan

Marriott (NASDAQ: MAR) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. The dividend will be payable on December 29, 2017, to stockholders of record on November 22, 2017, with an ex-dividend date of November 21, 2017. The annual yield on the dividend is 1.1 percent.

Marriott also announced that its board has increased the authorization to repurchase the Company's Class A common stock by an additional 30 million shares, for a total of approximately 37.5 million shares currently authorized for repurchase. Shares may be purchased in the open market or in privately negotiated transactions. Year to-date the company has repurchased 23.9 million shares for $2.4 billion.

For a dividend history and other dividend-related data on Marriott (MAR) click here.

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