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Bethesda-based Marriott International Inc. (File photo/Marriott International)
Marriott’s quarterly cash dividend gets healthy jump
Bethesda-based hospitality giant Marriott International Inc. Monday announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock, which represents a 30% increase over the previous quarterly dividend amount of 40 cents per share and reflects the company’s earnings growth and strong cash generation.
The dividend is payable on June 30 to shareholders of record as of the close of business on May 26.
Marriott International encompasses a portfolio of more than 8,500 properties under 31 brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts worldwide.
