Marriott Vacations Worldwide Co. (NYSE:VAC) Announces $0.79 Quarterly Dividend

Marriott Vacations Worldwide Co. (NYSE:VAC) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.79 per share on Wednesday, March 19th. This represents a $3.16 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, March 5th.

Marriott Vacations Worldwide has raised its dividend payment by an average of 41.7% annually over the last three years. Marriott Vacations Worldwide has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $3.16 annual dividend with an expected future payout ratio of 42.3%.

Marriott Vacations Worldwide Price Performance

NYSE VAC opened at $84.41 on Friday. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The stock has a 50-day moving average of $87.26 and a 200 day moving average of $82.68. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.67 and a beta of 1.83.

Analyst Ratings Changes

A number of brokerages have recently commented on VAC. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Finally, Truist Financial upped their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.67.

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.