Marriott International Declares Two-For-One Stock Split
Increases Cash Dividend by 19 Percent
WASHINGTON, DC, May 1, 2006. Marriott International, Inc. (NYSE: MAR) announced that its Board of Directors has declared a two-for-one split of all shares of its common stock, payable June 9, 2006 to shareholders of record as of May 18, 2006. The stock split will be implemented as a stock dividend of one share for each share as of the record date.
The Board also approved a quarterly cash dividend of 6 1/4 cents ($0.0625) per share on the company's common stock on a post-split basis, a 19 percent increase over the previous quarterly dividend. The cash dividend is payable on July 21, 2006 to shareholders of record on June 22, 2006.
"We are delighted to announce our two-for-one stock split, as well as a higher cash dividend," said J.W. Marriott, Jr., chairman of the board and chief executive officer. "Today's action reflects our strong confidence in our company's strength, competitive position, and growth prospects."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
