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

Marriott Vacations Worldwide Co. (NYSE:VAC) declared a quarterly dividend on Monday, May 12th, RTT News reports. Stockholders of record on Friday, May 23rd will be given a dividend of 0.79 per share on Friday, June 6th. This represents a $3.16 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, May 23rd.

Marriott Vacations Worldwide has raised its dividend payment by an average of 41.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Marriott Vacations Worldwide has a dividend payout ratio of 41.3% meaning 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 Stock Up 3.5%

NYSE VAC opened at $72.40 on Wednesday. The company has a market capitalization of $2.50 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The stock’s 50-day moving average price is $60.57 and its 200-day moving average price is $78.41. Marriott Vacations Worldwide has a 52 week low of $49.22 and a 52 week high of $102.39. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.80 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts predict that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Insider Activity

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company’s stock, valued at $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VAC shares. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research report on Friday, May 9th. Barclays reduced their price objective on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday. Mizuho reduced their price objective on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Morgan Stanley raised Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and an average price target of $92.25.

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.