Marriott International (NASDAQ:MAR) to Repurchase 25,000,000 Outstanding Stock

Marriott International (NASDAQ:MAR) to Repurchase 25,000,000 Outstanding Stock

Marriott International (NASDAQ:MAR - Get Free Report) declared that its board has initiated a share repurchase program on Thursday, August 7th, RTT News reports. The company plans to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Marriott Boosts Shareholder Returns: $0.67 Dividend Plus Massive 25M Share Buyback Expansion

Marriott declares Q3 dividend and expands share repurchase program by 25M shares. YTD buybacks reach $1.7B. See complete capital return details.