Marriott Vacations Worldwide Corporation (NYSE:VAC) Declares Dividend Increase – $0.80 Per Share

Marriott Vacations Worldwide Corporation (NYSE:VAC) announced a quarterly dividend on Friday, December 12th. Investors of record on Wednesday, December 24th will be paid a dividend of 0.80 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a 1.3% increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79.

Marriott Vacations Worldwide has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Marriott Vacations Worldwide has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. 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 $3.20 annual dividend with an expected future payout ratio of 42.8%.

Marriott Vacations Worldwide Stock Up 0.2%

Shares of NYSE VAC opened at $57.77 on Monday. The stock has a fifty day moving average price of $58.01 and a 200 day moving average price of $68.73. The company has a current ratio of 3.87, a quick ratio of 3.22 and a debt-to-equity ratio of 2.29. Marriott Vacations Worldwide has a 12-month low of $44.58 and a 12-month high of $92.19. The company has a market cap of $2.00 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.26 and a beta of 1.37.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. Marriott Vacations Worldwide had a return on equity of 11.44% and a net margin of 3.44%.The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. Research analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Insider Activity at Marriott Vacations Worldwide

In related news, Director Christian Asmar purchased 84,000 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average price of $47.44 per share, with a total value of $3,984,960.00. Following the completion of the transaction, the director owned 4,130,340 shares of the company’s stock, valued at approximately $195,943,329.60. This trade represents a 2.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lizanne Galbreath purchased 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $46.51 per share, with a total value of $255,805.00. Following the completion of the purchase, the director directly owned 25,714 shares of the company’s stock, valued at approximately $1,195,958.14. This represents a 27.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 96,100 shares of company stock worth $4,566,692 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Marriott Vacations Worldwide by 71.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock valued at $45,987,000 after acquiring an additional 265,278 shares during the period. Northern Trust Corp boosted its stake in Marriott Vacations Worldwide by 1.9% during the 1st quarter. Northern Trust Corp now owns 329,952 shares of the company’s stock valued at $21,196,000 after purchasing an additional 6,182 shares during the period. Capital Fund Management S.A. acquired a new position in Marriott Vacations Worldwide during the 2nd quarter valued at about $1,543,000. Norges Bank bought a new position in Marriott Vacations Worldwide in the 2nd quarter worth about $27,971,000. Finally, Hsbc Holdings PLC increased its stake in shares of Marriott Vacations Worldwide by 94.2% in the first quarter. Hsbc Holdings PLC now owns 16,895 shares of the company’s stock valued at $1,081,000 after purchasing an additional 8,196 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.