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Article: Marriott Declares Stock Dividend.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Marriott International, Inc., "Marriott," (NYSE:MAR) announced that its board of directors has declared the issuance of a stock dividend of a 0.00341 share of common stock for each outstanding share of common stock of the company, payable on Dec. 3, 2009 to shareholders of record on Nov. 19, 2009. Marriott currently has approximately 356 million shares of common stock outstanding.
Shareholders will not be required to take any action in order to receive the stock dividend. After the payment date, shareholders' book entry accounts will be credited with the additional shares representing the stock dividend. Where shares are held in a brokerage account in the name of ...