Marriott Vacations Worldwide Co. (NYSE:VAC) Plans Dividend Increase – $0.79 Per Share

Marriott Vacations Worldwide Co. (NYSE:VAC) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Stockholders of record on Thursday, December 19th will be given a dividend of 0.79 per share on Friday, January 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, December 19th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76.

Marriott Vacations Worldwide has raised its dividend payment by an average of 75.5% annually over the last three years. Marriott Vacations Worldwide has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marriott Vacations Worldwide to earn $7.48 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 42.2%.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $94.45 on Tuesday. The stock has a market cap of $3.30 billion, a PE ratio of 17.99, a P/E/G ratio of 0.87 and a beta of 1.84. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a fifty day simple moving average of $87.22 and a 200-day simple moving average of $82.10. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VAC. Stifel Nicolaus upped their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho boosted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $97.00 to $116.00 in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $106.22.

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.