NEW YORK— Marriott International has announced that its board of directors has approved the repurchase of up to 20 million shares of its common stock, increasing the remaining availability under prior authorizations by approximately 17 million shares. During 2002, the company repurchased 7.8 million shares, and to date in 2003 has repurchased an additional three million shares. Shares are purchased from time to time in the open market. Marriott International had approximately 235.9 million common shares outstanding as of Jan. 3, 2003. In addition, Marriott also said that its board has declared a quarterly cash dividend of $0.07 per share of common stock. The dividend is payable April 30, 2003, to shareholders of record as of April 2, 2003.
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