Marriott Vacations Worldwide Corporation (NYSE:VAC – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Investors of record on Wednesday, March 4th will be given a dividend of 0.80 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, March 4th.
Marriott Vacations Worldwide has increased 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. 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 $3.20 annual dividend with an expected future payout ratio of 42.8%.
Marriott Vacations Worldwide Trading Down 3.9%
VAC stock opened at $65.00 on Monday. Marriott Vacations Worldwide has a one year low of $44.58 and a one year high of $86.33. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -7.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a fifty day moving average price of $58.31 and a two-hundred day moving average price of $62.83. The company has a debt-to-equity ratio of 2.85, a current ratio of 3.48 and a quick ratio of 2.94.
Institutional Trading of Marriott Vacations Worldwide
A number of institutional investors and hedge funds have recently made changes to their positions in VAC. Invesco Ltd. increased its stake in Marriott Vacations Worldwide by 55.8% in the fourth quarter. Invesco Ltd. now owns 298,015 shares of the company’s stock valued at $17,192,000 after acquiring an additional 106,702 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $6,745,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Marriott Vacations Worldwide by 78.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,072 shares of the company’s stock worth $350,000 after buying an additional 2,667 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Marriott Vacations Worldwide by 21.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 212,192 shares of the company’s stock worth $12,241,000 after buying an additional 37,293 shares during the last quarter. Finally, Ananym Capital Management LP boosted its stake in Marriott Vacations Worldwide by 0.4% in the fourth quarter. Ananym Capital Management LP now owns 736,947 shares of the company’s stock valued at $42,514,000 after buying an additional 3,200 shares in the last quarter. Institutional investors 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.
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