Marriott Vacations Worldwide Co. (NYSE:VAC) to Issue Quarterly Dividend of $0.79

Marriott Vacations Worldwide Co. (NYSE:VAC) announced a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Investors of record on Thursday, December 19th will be paid a dividend of 0.79 per share on Friday, January 3rd. This represents a $3.16 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76.

Marriott Vacations Worldwide has raised its dividend by an average of 75.5% annually over the last three years. Marriott Vacations Worldwide has a dividend payout ratio of 39.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marriott Vacations Worldwide to earn $7.48 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 40.6%.

Marriott Vacations Worldwide Trading Down 1.3 %

Shares of NYSE:VAC traded down $1.22 during trading on Monday, hitting $95.50. The company had a trading volume of 237,451 shares, compared to its average volume of 451,856. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The company has a fifty day simple moving average of $84.72 and a two-hundred day simple moving average of $81.97. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VAC. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Barclays upped their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Truist Financial boosted their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.56.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the acquisition, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. This represents a 4.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

About Marriott Vacations Worldwide

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.