Marriott International Inc. (MAR) Declares $0.10 Quarterly Dividend; 1.1% Yield, Raises Buyback Plan by 35M Shares

Marriott International Inc. (NYSE: MAR) declared a quarterly dividend of $0.10 per share, or $0.4 annualized.

The dividend will be payable on March 30, 2012, to stockholders of record on February 24, 2012, with an ex-dividend date of February 22, 2012.

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 35 million shares, for a total of approximately 40 million shares currently authorized for repurchase. Shares may be purchased in the open market or in privately negotiated transactions. The company repurchased 43.4 million shares for $1.4 billion in 2011.

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

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