Marriott Vacations sets quarterly dividend at $0.79 per share

ORLANDO - Marriott Vacations Worldwide Corporation (NYSE: VAC), a leader in global vacation services, announced that its Board of Directors has approved a quarterly cash dividend of $0.79 per share, reflecting its 11-year track record of consistent dividend payments. The company has raised its dividend for four consecutive years, with a current yield of 3.47%. Eligible stockholders on record by March 5, 2025, will receive the dividend around March 19, 2025. InvestingPro analysis reveals 8 additional dividend and growth insights available for subscribers.

The company, known for its vacation ownership, exchange, rental, and resort and property management services, operates approximately 120 vacation ownership resorts. With a market capitalization of $3.15 billion and strong liquidity metrics showing current assets exceeding short-term obligations by 4.56x, the company maintains a solid financial position. It boasts a customer base of around 700,000 owner families. Its portfolio includes renowned vacation ownership brands, and it manages an extensive exchange network with over 3,200 affiliated resorts across more than 90 countries and territories. According to InvestingPro’s Fair Value analysis, the stock is currently fairly valued.

Marriott Vacations Worldwide is committed to maintaining high standards of excellence for its customers, investors, and associates. It sustains exclusive, long-term relationships with Marriott International (NASDAQ:MAR), Inc. and an affiliate of Hyatt Hotels (NYSE:H) Corporation for the development, sales, and marketing of vacation ownership products and services.

This announcement is based on a press release statement from Marriott Vacations Worldwide Corporation.

In other recent news, Marriott Vacations Worldwide announced an increase in its quarterly cash dividend to $0.79 per share, marking a 4% rise from its previous payout. This decision underscores the company’s confidence in its growth strategy and commitment to shareholder value. Barclays (LON:BARC) upgraded Marriott Vacations’ stock from Equalweight to Overweight, raising the price target to $116, citing its potential for a strong rebound in 2025. The firm highlighted the company’s operations in Maui and new developments in Waikiki and Bali as key factors for recovery. Meanwhile, Stifel also raised its price target for the company to $112, maintaining a Buy rating while updating its earnings per share estimates for the coming years. The firm’s revised projections reflect a positive outlook for Marriott Vacations’ financial performance. Additionally, Truist Securities reaffirmed its Buy rating with a $142 price target, noting the stock’s underperformance compared to peers but expressing optimism about potential gains in 2025. These developments indicate growing confidence among analysts regarding Marriott Vacations’ future prospects.

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