Marriott Vacations Worldwide Co. (VAC) to Issue Quarterly Dividend of $0.79 on January 3rd

Marriott Vacations Worldwide Co. (NYSE:VAC) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Thursday, December 19th will be given a dividend of 0.79 per share on Friday, January 3rd. This represents a $3.16 annualized dividend and a yield of 3.35%. The ex-dividend date 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% per year over the last three years. Marriott Vacations Worldwide has a dividend payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Research 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 $3.16 annual dividend with an expected future payout ratio of 42.2%.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $94.45 on Tuesday. The firm’s 50 day moving average price is $87.22 and its 200-day moving average price is $82.10. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The firm has a market cap of $3.30 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.87 and a beta of 1.84.

Analyst Ratings Changes

VAC has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $97.00 to $116.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.22.

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.