Marriott Global Corp (Nasdaq: MAR) has announced a significant 21% increase in its quarterly cash dividend for common stock, now standing at 63 cents per share compared to the previous 52 cents per share. This decision reflects the company’s robust financial performance, marked by significant earnings growth and strong cash flow. The dividend is scheduled to be paid on June 28, 2024, to shareholders recorded as of the close of business on May 24, 2024.
Headquartered in Bethesda, Maryland, USA, Marriott Global Corporation oversees a diverse portfolio of nearly 8,900 properties spanning more than 30 prominent brands in 141 countries and territories worldwide. Its operations include hotel management, franchising, and vacation ownership resorts licensing across the globe. Additionally, the company boasts Marriott Bonvoy®, a highly acclaimed travel program.
