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.

You May Also Be Interested In

• UniFirst Corp (UNF) Raises Quarterly Dividend 2.7% to $0.375; 0.6% Yield
• Willis Lease Finance declares $0.15 quarterly dividend and $200M buyback plan
• MGIC Investment (MTG) Declares $0.17 Quarterly Dividend; 2.4% Yield