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

Marriott Vacations Worldwide Corporation (NYSE:VAC) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.80 per share on Wednesday, September 30th. This represents a c) annualized dividend 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 payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.2%

Shares of VAC opened at $100.28 on Thursday. Marriott Vacations Worldwide has a fifty-two week low of $44.58 and a fifty-two week high of $131.34. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -10.30, a PEG ratio of 1.89 and a beta of 1.24. The firm has a 50 day moving average price of $104.99 and a 200-day moving average price of $84.90. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56.

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