Marriott International, Inc. Buyback
OLI recorded this information on 11/9/2023
Company: |
Marriott International, Inc. |
Buyback: |
MAR buyback |
Share Amount Authorized: |
32,300,000 |
Buyback Details: |
Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on December 29, 2023, to shareholders of record as of the close of business on November 22, 2023. 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, which are in addition to the approximately 7.3 million shares that remained available as of October 31, 2023 for repurchase under prior authorizations. Year-to-date through October 31, the Company has repurchased 18.3 million shares for $3.3 billion. |
Marriott International is an operator, franchisor, and licensor of hotel, residential, and timeshare properties under various brand names at different price and service points. Co. has two operating segments: U.S and Canada and International. Co.'s Luxury hotel brands include JW Marriott, The Ritz-Carlton, and St. Regis. Co.'s Premium hotel brands include Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, and Marriott Vacation Club. Co.'s Select hotel brands include Courtyard, Residence Inn, Fairfield, SpringHill Suites, Four Points, TownePlace Suites, Protea Hotels, Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.
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April 19, 2024 10:39 AM Eastern
Hold (2.37 out of 4)
100th percentile
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