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

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 4.1%.

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 up $0.44 on Wednesday, hitting $77.62. 366,978 shares of the stock were exchanged, compared to its average volume of 544,835. 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 firm has a market capitalization of $2.69 billion, a PE ratio of 11.67, a P/E/G ratio of 1.13 and a beta of 1.48. Marriott Vacations Worldwide has a one year low of $49.22 and a one year high of $100.32. The firm's 50 day moving average is $77.60 and its two-hundred day moving average is $69.99.

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

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 337,551 shares of the stock in a transaction on Wednesday, June 18th. The shares were purchased at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the acquisition, the director directly owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. The trade was a 9.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Marriott Vacations Worldwide by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company's stock valued at $124,101,000 after acquiring an additional 48,585 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Marriott Vacations Worldwide by 32.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company's stock valued at $117,089,000 after purchasing an additional 444,126 shares during the last quarter. Senvest Management LLC increased its position in shares of Marriott Vacations Worldwide by 19.4% during the 2nd quarter. Senvest Management LLC now owns 1,816,012 shares of the company's stock valued at $131,316,000 after purchasing an additional 294,937 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Marriott Vacations Worldwide by 8.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company's stock valued at $73,191,000 after purchasing an additional 85,230 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Marriott Vacations Worldwide by 2.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company's stock valued at $51,413,000 after purchasing an additional 21,631 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.