Marriott International Declares Cash Dividend; Board Approves Increase In Stock Repurchase Authorization to 25 Million Shares

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Nov 4, 2010

Marriott International Declares Cash Dividend; Board Approves Increase In Stock Repurchase Authorization to 25 Million Shares

BETHESDA, Md., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Marriott International, Inc. (NYSE: MAR) (the "Company") announced that its board of directors (the "Board") declared a quarterly cash dividend of eight and three-quarter cents ($0.0875) per share of common stock, more than double the cash dividend of four cents ($0.04) per share of common stock declared by the Board in the previous quarter, and returning it to its level prior to the effects of the downturn.  The cash dividend declared was last at eight and three-quarter cents per share of common stock in the first quarter of 2009.

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The dividend is payable on January 7, 2011 to shareholders of record on November 18, 2010. 

Marriott also announced that the Board has increased the authorization to repurchase the Company's Class A common stock to 25 million shares.  Shares may be purchased in the open market or in privately negotiated transactions.

Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

SOURCE Marriott International, Inc.

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