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

Marriott Vacations Worldwide Co. (NYSE:VAC) announced a quarterly dividend on Monday, May 12th, RTT News reports. Investors 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 yield of 4.51%.

Marriott Vacations Worldwide has increased 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 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

NYSE VAC traded up $5.38 on Monday, reaching $70.03. The company’s stock had a trading volume of 817,211 shares, compared to its average volume of 449,138. Marriott Vacations Worldwide has a twelve month low of $49.22 and a twelve month high of $102.39. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The stock has a market cap of $2.42 billion, a PE ratio of 13.34, a PEG ratio of 0.67 and a beta of 1.42. The firm’s 50 day moving average is $60.61 and its two-hundred day moving average is $78.51.

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

Insiders Place Their Bets

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday. Stifel Nicolaus reduced their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research report on Friday. Truist Financial reduced their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, 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 report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.25.

Marriott Vacations Worldwide Company Profile

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.