Press Release: Marriott International, Inc.
May 6, 2002
WASHINGTON, DC -- Marriott International, Inc. (NYSE: MAR) Friday announced that its board of directors has declared
an increase in the company's quarterly cash dividend from six and one-half cents to seven cents per share of common
stock. The dividend is payable July 19, 2002, to shareholders of record as of June 27, 2002. The company and its
predecessors (old Marriott International, Inc. and Marriott Corporation) have paid a dividend in every quarter
since late 1977.
MARRIOTT INTERNATIONAL, INC. (NYSE: MAR), a leading worldwide hospitality company celebrating its 75th Anniversary
in 2002, has nearly 2,600 operating units in the United States and 64 other countries and territories. Marriott
International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence
Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops
and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton
Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate
housing through its Marriott ExecuStay division; and operates conference centers. Other Marriott businesses include
senior living communities and services, and wholesale food distribution. The company is headquartered in Washington,
D.C., and has approximately 142,500 employees. In fiscal year 2001, Marriott International reported systemwide
sales of $20 billion. For more information or reservations, please visit our web site at http://www.marriott.com
.
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CONTACT:
Tom Marder (301) 380-2553 thomas.marder@marriott.com
SOURCE: Marriott International, Inc.