WASHINGTON, April 27, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) announced today that its board of directors has declared a one and one-quarter cent ($0.0125) increase in the company's quarterly dividend from 6.25 cents ($0.0625) to 7.50 cents ($0.075) per share of common stock, a 20 percent increase.
The dividend is payable July 20, 2007 to shareholders of record as of June 21, 2007. The company and its predecessors (old Marriott International, Inc. and Marriott Corporation) have paid a dividend in every quarter since late 1977.
MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading lodging company with nearly 2,900 lodging properties in the United States and 67 other countries and territories. The company is headquartered in Washington, D.C., and has approximately 151,000 employees. In fiscal year 2006, Marriott International reported sales from continuing operations of $12.2 billion. For more information or reservations, please visit our web site at www.marriott.com.
SOURCE Marriott International, Inc.
Tom Marder of Marriott International, Inc., +1-301-380-2553, firstname.lastname@example.org
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