Marriott International, Inc. Buyback
OLI recorded this information on 11/9/2017
Marriott International, Inc.
Share Amount Authorized:
Marriott International, Inc. (NASDAQ: MAR) today announced that its board of directors declared a quarterly cash dividend of 33 cents per share of common stock. The dividend is payable on December 29, 2017 to shareholders of record as of November 22, 2017. Marriott also announced that its board has increased the authorization to repurchase the Company's Class A common stock by an additional 30 million shares, for a total of approximately 37.5 million shares currently authorized for repurchase. Shares may be purchased in the open market or in privately negotiated transactions. Year to-date the company has repurchased 23.9 million shares for $2.4 billion.
Marriott International is an operator, franchisor, and licensor of hotels, residential and timeshare properties. Co.'s Luxury hotel brands include JW Marriott, The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, EDITION, and Bulgari. Co.'s Premium hotel brands include Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, and Marriott Vacation Club, Westin, Renaissance, Le Meridien, Autograph Collection, Gaylord Hotels, Tribute Portfolio, and Design Hotels. Co.'s Select hotel brands include Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, Four Points, TownePlace Suites, Protea Hotels, Aloft, AC Hotels by Marriott, Element, and Moxy.
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Hold (2.37 out of 4)
(ranked lower than approx. 86% of all stocks covered)
Based on Zacks ABR data;
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