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

Key Points

• Marriott Vacations Worldwide declared a quarterly dividend of $0.80 per share, payable September 30 to shareholders of record on September 16. The dividend implies a 3.2% annualized yield and a 41.8% payout ratio.
• The company’s latest results exceeded expectations, with quarterly EPS of $2.31 versus the $1.97 consensus and revenue of $1.32 billion, up 5.9% year over year.
• Shares opened at $100.28, while insiders recently sold shares, including a director’s $83.6 million transaction. Institutional investors own 89.52% of the company, compared with 13.30% held by insiders.

Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.80 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Marriott Vacations Worldwide has increased its dividend payment 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 dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of Marriott Vacations Worldwide stock opened at $100.28 on Thursday. The company has a current ratio of 3.56, a quick ratio of 2.99 and a debt-to-equity ratio of 2.65. Marriott Vacations Worldwide has a 1-year low of $44.58 and a 1-year high of $131.34. The company has a market cap of $3.45 billion, a PE ratio of -10.30, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a 50 day moving average of $104.99 and a 200-day moving average of $84.90.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.97 by $0.34. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business's quarterly revenue was up 5.9% on a year-over-year basis. 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 fiscal year.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar sold 750,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the completion of the sale, the director directly owned 3,380,818 shares in the company, valued at $376,927,398.82. The trade was a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kathleen A. Pighini sold 2,500 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider directly owned 10,821 shares of the company's stock, valued at approximately $1,298,520. This represents a 18.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is owned by company insiders.

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in VAC. Advisory Services Network LLC bought a new position in Marriott Vacations Worldwide in the third quarter valued at $27,000. IFP Advisors Inc lifted its stake in Marriott Vacations Worldwide by 1,828.0% during the third quarter. IFP Advisors Inc now owns 482 shares of the company's stock worth $32,000 after purchasing an additional 457 shares during the last quarter. Leonteq Securities AG bought a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $35,000. Kestra Advisory Services LLC purchased a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth about $37,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 877.2% in the 1st quarter. International Assets Investment Management LLC now owns 557 shares of the company's stock worth $38,000 after purchasing an additional 500 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

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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