Marriott Expands Share Buyback Program

Marriott International said today the company expanded its stock buyback program by 40 million shares. The Bethesda company now plans to repurchase up to 51 million of the 403.8 million shares outstanding. Since 2002, Marriott has repurchased 181 million shares for about $5.6 billion, the company said in a statement. Marriott also declared a quarterly dividend of $0.075 per share of common stock.

By Mike Shepard  |  August 2, 2007; 1:53 PM ET  | Category:  Hospitality , Marriott International Corp.
Previous: Early Briefing 08.02.07 | Next: Markets Report on Washington Post Radio

Comments

Please email us to report offensive comments.



The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company