Marriott International Increases Dividend More Than 17 Percent

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MI MNCBethesda, Md., May 9, 2014 – Marriott International, Inc. (NASDAQ: MAR) today announced that its Board of Directors raised the company’s quarterly cash dividend by 3 cents ($0.03) to twenty cents ($0.20) per share, which represents a more than 17 percent increase over the previous quarterly dividend amount of $0.17 per share.

The dividend is payable on June 27, 2014 to shareholders of record on May 23, 2014.

Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 78 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.

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Author: Vassilis

Vassilis is the founder and Executive Editor of XeniosWorld, Greece's leading English-language travel trade media since 1997. With 30+ years in media and hospitality, he's worked with over 200 luxury hotels and resorts across Greece. A marketing graduate with postgraduate studies, Vasileios specializes in hotel digital marketing, direct booking strategies, and tourism industry innovation. His insights reach 45,000+ hospitality professionals globally. Based in the UK and Greece, he's passionate about helping hotels leverage technology and data-driven strategies to increase revenue and reduce OTA dependency.