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

Marriott Vacations Worldwide Co. (NYSE:VAC) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, December 19th. This is a positive change 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. 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 Price Performance

NYSE VAC opened at $94.45 on Tuesday. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The business’s fifty day moving average price is $87.22 and its 200-day moving average price is $82.10. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 0.87 and a beta of 1.84. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VAC shares. Truist Financial upped their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $97.00 to $116.00 in a research note on Friday. Stifel Nicolaus raised their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Finally, Mizuho raised their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Moderate Buy” and an average target price 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.