Marriott Vacations Worldwide Co. (NYSE:VAC) Declares $0.54 — Dividend

Marriott Vacations Worldwide Co. (NYSE:VAC) announced a — dividend on Tuesday, September 14th, Wall Street Journal reports. Shareholders of record on Thursday, September 23rd will be given a dividend of 0.54 per share on Thursday, October 7th. The ex-dividend date of this dividend is Wednesday, September 22nd.

Marriott Vacations Worldwide has decreased its dividend payment by 62.8% over the last three years.

NYSE VAC opened at $156.64 on Wednesday. The firm’s 50-day simple moving average is $149.45 and its two-hundred day simple moving average is $164.26. Marriott Vacations Worldwide has a 52 week low of $85.47 and a 52 week high of $190.97. The company has a market cap of $6.69 billion, a PE ratio of -53.64 and a beta of 2.57. The company has a quick ratio of 3.19, a current ratio of 3.88 and a debt-to-equity ratio of 1.76.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Tuesday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.04). Marriott Vacations Worldwide had a negative net margin of 3.86% and a negative return on equity of 0.68%. As a group, equities research analysts anticipate that Marriott Vacations Worldwide will post 4.02 EPS for the current year.

Several brokerages have recently weighed in on VAC. Zacks Investment Research cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a research report on Tuesday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott Vacations Worldwide from $209.00 to $203.00 and set a “buy” rating on the stock in a research report on Friday, July 30th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Buy” and an average target price of $175.29.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corp. is a global vacation company, which engages in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment includes develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.

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Dividend History for Marriott Vacations Worldwide (NYSE:VAC)

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