Marriott (MAR) Raises Quarterly Dividend 33.3% to $0.40; Approves Buyback

Marriott (NASDAQ: MAR) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 33.3% increase from the prior dividend of $0.30.

The dividend will be payable on December 30, 2022, to stockholders of record on November 23, 2022, with an ex-dividend date of November 22, 2022.

The annual yield on the dividend is 1 percent.

• The company 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 30.8 million shares currently authorized for repurchase. Year-to-date through November 9, 2022, the company has repurchased 11.6 million shares for $1.8 billion.

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

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