Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.79 per share on Wednesday, March 19th. This represents a $3.16 annualized dividend and a yield of 3.70%. The ex-dividend date is Wednesday, March 5th.
Marriott Vacations Worldwide has increased its dividend by an average of 41.7% annually over the last three years. Marriott Vacations Worldwide has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.4 %
Shares of NYSE VAC traded down $1.19 during midday trading on Tuesday, reaching $85.51. 511,250 shares of the stock were exchanged, compared to its average volume of 381,465. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The business has a 50-day simple moving average of $86.94 and a two-hundred day simple moving average of $83.04.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Mizuho boosted their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They set an "underweight" rating and a $87.00 target price on the stock. 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 research note on Tuesday, November 26th. Stifel Nicolaus upped their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $105.88.
Read Our Latest Report on Marriott Vacations Worldwide
About Marriott Vacations Worldwide
(
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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.
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