Marriott (MAR) announced that its board of directors declared a quarterly cash dividend of 67c per share of common stock. The dividend is payable on September 30, to shareholders of record as of the close of business on August 21. The company also announced that its board has increased the authorization to repurchase the company’s stock by an additional 25M shares, which are in addition to the approximately 7.4M shares that remained available as of July 30 for repurchase under prior authorizations.
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