Starwood Hotels & Resorts Declares Second Quarter Dividend
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Starwood Hotels & Resorts Declares Second Quarter Dividend
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-03-20
Starwood Hotels & Resorts Worldwide, Inc. (the "Company") (NYSE: HOT) announced today that Starwood Hotels & Resorts, a subsidiary of the Company whose shares are traded together with the Company's shares, has declared a second quarter dividend of $0.21 per share. The dividend will be payable on April 7, 2006 to shareholders of record on March 27, 2006. This dividend is being paid in connection with the Host Marriott transaction, which is now anticipated to close in April. It is expected that the remaining 2006 dividend will be declared by the corporation in December to be paid in January, as set forth in the recently announced dividend policy that was adopted by the Board of Directors.
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