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

Marriott Vacations Worldwide Corporation (NYSE:VAC) declared a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.80 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 16th.

Marriott Vacations Worldwide has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 1 years. Marriott Vacations Worldwide has a dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marriott Vacations Worldwide to earn $9.07 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 35.3%.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $100.28 on Thursday. The stock has a 50-day moving average of $104.99 and a 200-day moving average of $84.90. Marriott Vacations Worldwide has a one year low of $44.58 and a one year high of $131.34. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.56 and a quick ratio of 2.99. The company has a market cap of $3.45 billion, a PE ratio of -10.30, a P/E/G ratio of 1.89 and a beta of 1.24.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.34. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, equities research analysts predict that Marriott Vacations Worldwide will post 8.7 EPS for the current fiscal year.

Marriott Vacations Worldwide Company Profile

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.