Marriott International Increases Cash Dividend

Marriott International, Inc. (NYSE:MAR) announced that its board of directors has declared an increase in the company’s quarterly cash dividend from seven cents to seven and one half cents per share of common stock. The dividend is payable July 24, 2003, to shareholders of record as of June 25, 2003. The company and its predecessors (old Marriott International, Inc. and Marriott Corporation) have paid a dividend in every quarter since late 1977.