Starwood Announces Regular Quarterly Dividend
May 28 2015 - 4:15PM
Business Wire
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today
announced that its Board of Directors declared a regular quarterly
dividend of $0.375 per share. The regular quarterly dividend will
be paid on June 17, 2015 to stockholders of record on June 3,
2015.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the
leading hotel and leisure companies in the world with more than
1,200 properties in some 100 countries and over 180,000 employees
at its owned and managed properties. Starwood is a fully integrated
owner, operator and franchisor of hotels, resorts and residences
with the following internationally renowned brands: St. Regis®, The
Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four
Points® by Sheraton, Aloft®, element® and the recently introduced
Tribute Portfolio™. The Company boasts one of the industry’s
leading loyalty programs, Starwood Preferred Guest (SPG®), allowing
members to earn and redeem points for room stays, room upgrades and
flights, with no blackout dates. Starwood recently announced plans
to spin off its vacation ownership business, a premier provider of
world-class vacation experiences through villa-style resorts and
privileged access to Starwood brands, into a standalone public
company by the end of 2015. For more information, please visit
www.starwoodhotels.com.
Note: This press release contains forward-looking statements
within the meaning of federal securities regulations.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties and other factors that may
cause actual results to differ materially from those anticipated at
the time the forward-looking statements are made. Further results,
performance and achievements may be affected by general economic
conditions including the impact of war and terrorist activity,
natural disasters, business and financing conditions (including the
condition of credit markets in the U.S. and internationally),
foreign exchange fluctuations, cyclicality of the real estate
(including residential) and the hotel and vacation ownership
businesses, operating risks associated with the hotel, vacation
ownership and residential businesses, relationships with associates
and labor unions, customers and property owners, the impact of the
internet reservation channels, our reliance on technology, domestic
and international political and geopolitical conditions,
competition, governmental and regulatory actions (including the
impact of changes in U.S. and foreign tax laws and their
interpretation), travelers’ fears of exposure to contagious
diseases, risk associated with the level of our indebtedness, risk
associated with potential acquisitions and dispositions and the
introduction of new brand concepts and other risks and
uncertainties. These risks and uncertainties are presented in
detail in our filings with the Securities and Exchange Commission.
There can be no assurance as to the development of future hotels in
the Company’s pipeline or additional vacation ownership units.
Although we believe the expectations reflected in forward-looking
statements are based upon reasonable assumptions, we can give no
assurance that our expectations will be attained or that results
will not materially differ. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20150528006519/en/
Starwood Hotels & Resorts Worldwide,
Inc.Investor:Stephen Pettibone, 203-351-3500
Starwood (NYSE:HOT)
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