Marriott Vacations Worldwide Corporation (NYSE:VAC) Declares Quarterly Dividend of $0.80

Marriott Vacations Worldwide Corporation (NYSE:VAC) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Wednesday, March 4th will be paid a dividend of 0.80 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, March 4th.

Marriott Vacations Worldwide has raised its dividend by an average of 0.1%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 41.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marriott Vacations Worldwide to earn $7.47 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 42.8%.

Marriott Vacations Worldwide Stock Performance

VAC traded down $0.56 during midday trading on Friday, hitting $58.15. 159,110 shares of the company traded hands, compared to its average volume of 551,921. The company’s 50-day moving average is $58.00 and its 200 day moving average is $63.50. The company has a quick ratio of 3.22, a current ratio of 3.87 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $2.01 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.46 and a beta of 1.33. Marriott Vacations Worldwide has a 52 week low of $44.58 and a 52 week high of $88.80.

Analysts Set New Price Targets

VAC has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. The Goldman Sachs Group dropped their price target on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a research note on Tuesday, November 11th. Mizuho lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $85.00 to $58.00 in a report on Tuesday, November 11th. Finally, Citizens Jmp lowered their target price on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $61.13.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.