Marriott Boosts Dividend by 30%

Features Reuters

Marriott International Inc, the hotel company, said on Friday it raised its quarterly dividend by 30 percent to 13 cents a share from 10 cents.

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The new dividend is payable on June 22 to shareholders of record on May 18.

Marriott, whose brands include Residence Inn, Ritz-Carlton and Courtyard, posted higher than expected profit last month as corporate business strengthened.