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Marriott International Board Authorizes Additional 25M Share Repurchase, Expanding Buyback Capacity Beyond 32M Shares

Benzinga·08/07/2025 17:02:55
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Marriott International, Inc. (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 67 cents per share of common stock. The dividend is payable on September 30, 2025, to shareholders of record as of the close of business on August 21, 2025. The company also announced that its board has increased the authorization to repurchase the company's Class A common stock by an additional 25 million shares, which are in addition to the approximately 7.4 million shares that remained available as of July 30, 2025, for repurchase under prior authorizations. Year-to-date through July 30, the company has repurchased 6.4 million shares for $1.7 billion.