Hotel operator Marriott International (NASDAQ:MAR) announced today its third-quarter dividend of $0.17 per share, the same rate it paid last quarter after raising the quarterly payout 31%, from $0.13 per share.

The board of directors said the quarterly dividend is payable on Sept. 27 to the holders of record at the close of business on Aug. 22. The regular dividend payment equates to a $0.68-per-share annual dividend, yielding 1.6% based on the closing price today of Marriott International's stock.

MAR Dividend Chart

MAR Dividend data by YCharts