Marriott Vacations Worldwide Co. to Issue Quarterly Dividend of $0.79 (NYSE:VAC)

Marriott Vacations Worldwide Co. (NYSE:VAC) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 yield of 3.74%. The ex-dividend date is Wednesday, March 5th.

Marriott Vacations Worldwide has increased 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% meaning its dividend is sufficiently covered by earnings. 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

Marriott Vacations Worldwide stock traded down $3.51 during mid-day trading on Friday, hitting $84.41. 949,861 shares of the company were exchanged, compared to its average volume of 374,763. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The business has a fifty day moving average of $87.46 and a 200 day moving average of $82.60. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a market capitalization of $2.95 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.69 and a beta of 1.83.

Wall Street Analyst Weigh In

Several analysts have recently commented on VAC shares. The Goldman Sachs Group increased their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Morgan Stanley started coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Mizuho increased their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Truist Financial increased their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.67.

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.