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.
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