Marriott Vacations Worldwide Co. (VAC) To Go Ex-Dividend on March 5th

Marriott Vacations Worldwide Co. (NYSE:VAC) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.79 per share on Wednesday, March 19th. This represents a $3.16 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, March 5th.

Marriott Vacations Worldwide has increased its dividend payment 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. 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 Price Performance

Shares of NYSE VAC opened at $84.41 on Friday. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The stock has a market capitalization of $2.95 billion, a P/E ratio of 16.08, a P/E/G ratio of 0.67 and a beta of 1.83. The company’s 50-day moving average is $87.26 and its 200 day moving average is $82.68. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VAC. Truist Financial upped their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Morgan Stanley initiated 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. Finally, StockNews.com upgraded shares of 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, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.67.

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.