Marriott Announces 14 Percent Increase in Cash Dividend; Board Increases Stock Repurchase Authorization by 25 Million Shares

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May 6, 2011

Marriott Announces 14 Percent Increase in Cash Dividend; Board Increases Stock Repurchase Authorization by 25 Million Shares

BETHESDA, Md., May 6, 2011 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) today announced that its Board of Directors (the "Board") declared a one and a quarter cent ($0.0125) increase in the company's quarterly cash dividend, to ten cents ($0.10) per share of common stock, a 14 percent increase over the previous dividend amount.  The dividend is payable on June 24, 2011 to shareholders of record on May 20, 2011. 

(Logo: http://photos.prnewswire.com/prnh/20090217/MARRIOTTINTLLOGO )

Marriott also announced that the Board has increased the authorization to repurchase the Company's Class A common stock by 25 million shares.  When combined with the approximately 9 million shares remaining from the previous authorization, the company's total outstanding repurchase authorization is approximately 34 million shares.  Year-to-date through May 4, 2011, the company has repurchased approximately 15 million shares for slightly more than $540 million.  Shares may be purchased in the open market or in privately negotiated transactions.

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SOURCE Marriott International, Inc.

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