Marriott Vacations Worldwide Co. (VAC) to Issue Quarterly Dividend of $0.62 on October 6th

Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) declared a quarterly dividend on Friday, September 9th, Zacks reports. Shareholders of record on Thursday, September 22nd will be given a dividend of 0.62 per share on Thursday, October 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Wednesday, September 21st.

Marriott Vacations Worldwide has decreased its dividend payment by an average of 13.2% per year over the last three years and has raised its dividend every year for the last 1 years. Marriott Vacations Worldwide has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marriott Vacations Worldwide to earn $12.33 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 20.1%.

Marriott Vacations Worldwide Trading Up 2.5 %

Shares of NYSE:VAC opened at $145.83 on Friday. The company has a market capitalization of $5.73 billion, a PE ratio of 25.06 and a beta of 2.10. The company has a current ratio of 3.25, a quick ratio of 2.63 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average of $136.43 and a two-hundred day moving average of $141.54. Marriott Vacations Worldwide has a 12-month low of $110.08 and a 12-month high of $174.74.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last issued its earnings results on Monday, August 8th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.59. Marriott Vacations Worldwide had a net margin of 6.07% and a return on equity of 13.32%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, analysts forecast that Marriott Vacations Worldwide will post 10.18 EPS for the current year.

Insider Buying and Selling

In other news, VP Dwight D. Smith sold 2,700 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $148.00, for a total transaction of $399,600.00. Following the completion of the transaction, the vice president now directly owns 17,112 shares in the company, valued at approximately $2,532,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter worth approximately $40,000. Acadian Asset Management LLC purchased a new stake in Marriott Vacations Worldwide in the 1st quarter worth about $55,000. Covestor Ltd lifted its holdings in Marriott Vacations Worldwide by 1,055.0% during the 1st quarter. Covestor Ltd now owns 462 shares of the company’s stock worth $73,000 after purchasing an additional 422 shares in the last quarter. Toroso Investments LLC bought a new position in Marriott Vacations Worldwide in the 1st quarter valued at $204,000. Finally, Blair William & Co. IL bought a new position in shares of Marriott Vacations Worldwide in the first quarter worth $227,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VAC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marriott Vacations Worldwide from $188.00 to $192.00 in a research report on Wednesday, August 10th. StockNews.com raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, September 3rd. TheStreet upgraded Marriott Vacations Worldwide from a “c” rating to a “b-” rating in a report on Tuesday, August 9th. Barclays upped their price target on Marriott Vacations Worldwide from $136.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Finally, Truist Financial cut their price objective on Marriott Vacations Worldwide from $205.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Buy” and a consensus target price of $193.80.

Marriott Vacations Worldwide Company Profile

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

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Dividend History for Marriott Vacations Worldwide (NYSE:VAC)

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