Marriott Vacations Worldwide Co. (NYSE:VAC) to Issue Quarterly Dividend of $0.76

Marriott Vacations Worldwide Co. (NYSE:VAC) announced a quarterly dividend on Wednesday, September 4th, NASDAQ reports. Investors of record on Thursday, September 19th will be given a dividend of 0.76 per share on Thursday, October 3rd. This represents a $3.04 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Thursday, September 19th.

Marriott Vacations Worldwide has raised its dividend by an average of 75.5% per year over the last three years. Marriott Vacations Worldwide has a dividend payout ratio of 41.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Marriott Vacations Worldwide to earn $7.42 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 41.0%.

Marriott Vacations Worldwide Stock Up 2.7 %

VAC stock opened at $73.92 on Wednesday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The firm has a fifty day moving average price of $77.12 and a two-hundred day moving average price of $88.54. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $2.19 EPS. Marriott Vacations Worldwide’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts predict that Marriott Vacations Worldwide will post 6.12 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. JMP Securities reduced their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday. They set a “sell” rating and a $62.00 price target for the company. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus decreased their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.45.

Insider Buying and Selling

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the acquisition, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.