Marriott Vacations Worldwide Corporation (NYSE:VAC) Announces Quarterly Dividend of $0.79

Key Points

• Marriott Vacations Worldwide Corporation declared a quarterly dividend of $0.79 per share, with a dividend yield of 4.1%, to be paid on October 1st to stockholders of record as of September 17th.
• The company reported earnings per share of $1.96 in its most recent quarter, exceeding analyst expectations, and anticipates earnings of $7.47 per share next year.
• Insider trading activity includes Director Christian Asmar purchasing over 337,000 shares, increasing his ownership stake by 9.10% and reflecting strong confidence in the company’s future.

Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) declared a quarterly dividend on Wednesday, September 3rd, RTT News reports. Stockholders of record on Wednesday, September 17th will be given a dividend of 0.79 per share on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 17th.

Marriott Vacations Worldwide has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of VAC stock traded down $0.88 during trading on Monday, hitting $78.15. The company's stock had a trading volume of 357,717 shares, compared to its average volume of 318,706. The company has a market cap of $2.70 billion, a PE ratio of 11.75, a P/E/G ratio of 1.15 and a beta of 1.48. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. The business has a fifty day moving average of $78.04 and a 200-day moving average of $69.60. Marriott Vacations Worldwide has a 52 week low of $49.22 and a 52 week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.24. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.Marriott Vacations Worldwide's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, research analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Insider Activity at Marriott Vacations Worldwide

In other news, Director Christian Asmar purchased 412,449 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the transaction, the director directly owned 3,708,433 shares of the company's stock, valued at approximately $250,727,155.13. This trade represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Marriott Vacations Worldwide by 6,557.7% in the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock worth $941,000 after acquiring an additional 14,427 shares in the last quarter. Captrust Financial Advisors purchased a new position in Marriott Vacations Worldwide in the fourth quarter worth $440,000. Wealth Enhancement Advisory Services LLC grew its position in Marriott Vacations Worldwide by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company's stock worth $1,226,000 after acquiring an additional 5,816 shares in the last quarter. SG Americas Securities LLC purchased a new position in Marriott Vacations Worldwide in the first quarter worth $436,000. Finally, Blueshift Asset Management LLC purchased a new position in Marriott Vacations Worldwide in the first quarter worth $358,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.