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

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

Marriott Vacations Worldwide has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Marriott Vacations Worldwide has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.0%

Shares of Marriott Vacations Worldwide stock traded down $0.58 on Friday, hitting $58.12. The stock had a trading volume of 184,672 shares, compared to its average volume of 552,641. The stock has a 50 day moving average of $58.00 and a 200 day moving average of $63.50. The firm has a market capitalization of $2.01 billion, a P/E ratio of 13.02, a PEG ratio of 1.46 and a beta of 1.33. Marriott Vacations Worldwide has a twelve month low of $44.58 and a twelve month high of $88.80. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87.

Insider Transactions at Marriott Vacations Worldwide

In related news, Director Jonice M. Gray acquired 1,100 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was purchased at an average cost of $54.47 per share, with a total value of $59,917.00. Following the acquisition, the director owned 13,205 shares of the company’s stock, valued at approximately $719,276.35. This trade represents a 9.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 1,209 shares of company stock worth $66,578. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently bought and sold shares of VAC. Vanguard Group Inc. increased its holdings in Marriott Vacations Worldwide by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock worth $195,730,000 after buying an additional 234,105 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Marriott Vacations Worldwide by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,950,309 shares of the company’s stock valued at $129,820,000 after acquiring an additional 54,285 shares during the period. Senvest Management LLC increased its stake in shares of Marriott Vacations Worldwide by 19.4% during the 2nd quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock worth $131,316,000 after purchasing an additional 294,937 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 37.4% in the 2nd quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock worth $57,051,000 after purchasing an additional 214,629 shares during the period. Finally, Ananym Capital Management LP lifted its stake in Marriott Vacations Worldwide by 0.4% in the fourth quarter. Ananym Capital Management LP now owns 736,947 shares of the company’s stock valued at $42,514,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.