Marriott Vacations Worldwide Corp (NYSE:VAC) to Issue $0.45 Quarterly Dividend

Marriott Vacations Worldwide Corp (NYSE:VAC) declared a quarterly dividend on Thursday, September 5th, NASDAQ reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.45 per share on Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, September 18th.

Marriott Vacations Worldwide has raised its dividend payment by an average of 28.7% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Marriott Vacations Worldwide has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marriott Vacations Worldwide to earn $8.94 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 20.1%.

Shares of NYSE VAC opened at $110.40 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.62 and a current ratio of 3.41. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.54 and a beta of 1.68. The business’s 50-day simple moving average is $95.48 and its 200-day simple moving average is $97.24. Marriott Vacations Worldwide has a 52 week low of $60.67 and a 52 week high of $119.30.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.24. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The company’s revenue was up 79.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. As a group, equities research analysts forecast that Marriott Vacations Worldwide will post 7.96 earnings per share for the current year.

In other Marriott Vacations Worldwide news, Director Thomas J. Hutchison III sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $94.55, for a total value of $236,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael E. Yonker sold 929 shares of Marriott Vacations Worldwide stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total value of $92,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,429 shares of company stock worth $1,018,425 in the last three months. 2.30% of the stock is owned by insiders.

VAC has been the topic of a number of research analyst reports. ValuEngine raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the company from $98.00 to $118.00 in a report on Tuesday, August 20th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $107.00 target price on shares of Marriott Vacations Worldwide in a report on Sunday, August 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide has an average rating of “Buy” and an average price target of $123.67.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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Dividend History for Marriott Vacations Worldwide (NYSE:VAC)

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