05.03.2014 20:10:00
|
Starwood Hotels & Resorts Worldwide Inc. -- Moody's says Starwood special dividend is significant at $500 million but cash and cash flows expected to be sufficient; ratings and outlook currently...
New York, March 05, 2014 -- Moody's Investors Service stated that the Baa2 senior unsecured ratings and stable outlook for Starwood Hotels & Resorts Worldwide, Inc.(Starwood) are not currently affected by the announcement that its board of directors have authorized a $0.65 special quarterly dividend for 2014. The special dividend will amount to about $500 million and will be over and above its regular quarterly dividend payout of $0.35 cents per share. For further information, please see www.moodys.com.