NEW YORK (TheStreet) -- Wyndham Worldwide(WYN Quote), one of the world's largest hospitality companies, has tripled its quarterly dividend, in an evident reflection of the company's confidence in the resilience of its business model.
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Starwood Hotels & Resorts Worldwide Incorp HOT DOWNIntercontinental Hotels Group PLC Shs Ameri IHG UPMarriott International Incorporated Shares MAR UPWyndham's board authorized the tripling of the quarterly dividend to 12 cents from 4 cents per share, beginning with the dividend that is expected to be declared in the first quarter of 2010. With this increase the dividend is equivalent to an annual rate of 48 cents a share.
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