Marriott Vacations Worldwide Corp (NYSE:VAC) announced a quarterly dividend on Thursday, September 5th, NASDAQ reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.45 per share on Thursday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, September 18th.
Marriott Vacations Worldwide has increased its dividend payment by an average of 28.7% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Marriott Vacations Worldwide has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marriott Vacations Worldwide to earn $8.94 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 20.1%.
VAC stock opened at $110.40 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.41 and a quick ratio of 2.62. The business has a 50 day simple moving average of $95.48 and a 200-day simple moving average of $97.24. The firm has a market capitalization of $4.79 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. Marriott Vacations Worldwide has a 1 year low of $60.67 and a 1 year high of $119.30.
In related news, CEO Stephen P. Weisz acquired 4,000 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $83.70 per share, for a total transaction of $334,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Hutchison III sold 2,500 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $94.55, for a total value of $236,375.00. The disclosure for this sale can be found here. Insiders sold 10,429 shares of company stock valued at $1,018,425 over the last quarter. 2.30% of the stock is currently owned by company insiders.
Several research analysts recently weighed in on the company. Deutsche Bank reiterated a “hold” rating and issued a $107.00 price objective on shares of Marriott Vacations Worldwide in a research report on Sunday, August 4th. ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. upgraded Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $98.00 to $118.00 in a research report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $123.67.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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