VAC dividend yield – MARRIOTT VACATIONS WORLDWIDE Increases Quarterly Dividend by 5.6% to $0.76/Share

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Marriott Vacations Worldwide ($NYSE:VAC) Corporation has announced an increase in their quarterly dividend by 5.6%, bringing it to a rate of $0.76 per share. This news is a major milestone for Marriott Vacations, as it marks the tenth consecutive year that the corporation has raised its quarterly dividend. This dividend increase is in line with Marriott Vacations’ commitment to delivering strong shareholder returns through a combination of dividend payments and share repurchases. It offers a portfolio of professionally managed markets and products, including vacation ownership, exchange, rental, and hotel management.

With its portfolio of brands, including Marriott Vacation Club, The Ritz-Carlton Destination Club, Grand Residences by Marriott, and Vistana Signature Experiences, the company is a leader in vacation ownership and provides exceptional experiences for its customers. These brands are further supported by resort management services, financial services, and other offerings.

Dividends – VAC dividend yield

MARRIOTT VACATIONS WORLDWIDE recently announced a 5.6% increase of their quarterly dividend to $0.76/share, representing an increase of 4 cents per share from the prior dividend. This marks the third consecutive year that MARRIOTT VACATIONS WORLDWIDE has issued an annual dividend per share of 2.88 USD, 2.58 USD and 1.08 USD respectively. These dividend yields are projected to remain steady with 2.15%, 1.71%, and 0.68% for 2021, 2022, and 2023 respectively, with an average dividend yield of 1.51%.

This increase demonstrates MARRIOTT VACATIONS WORLDWIDE’s commitment to shareholders and recognition of their long-term contributions to the success of the business. Investors can expect these dividends to remain consistent over the next few years, providing a steady income stream for shareholders.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for VAC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for VAC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for VAC. More…

Key Ratios Snapshot

Some of the financial key ratios for VAC are shown below. More…

Analysis

GoodWhale conducted an analysis of MARRIOTT VACATIONS WORLDWIDE’s wellbeing and found that the company was classified as a ‘rhino’, which we concluded was a type of company that has achieved moderate revenue or earnings growth. We also determined that MARRIOTT VACATIONS WORLDWIDE had a high health score of 8/10 with regard to its cashflows and debt, making it capable of sustaining future operations in times of crisis. In addition, MARRIOTT VACATIONS WORLDWIDE proved to be strong in dividend and growth, but medium in profitability and weak in asset. These results suggest that MARRIOTT VACATIONS WORLDWIDE is an attractive investment opportunity for investors looking for reliable dividend payments but also a moderate rate of growth. Furthermore, the company’s ability to continue operations in times of difficulty makes it a safer option for those seeking a safe investment. More…

Peers

In the vacation ownership and timeshare industry, Marriott Vacations Worldwide Corp is one of the largest and most well-known companies.

However, it faces stiff competition from a number of other large companies, including iGrandiViaggi SpA, Archon Corp, and Resorttrust Inc. While each of these companies has its own strengths and weaknesses, Marriott has been able to stay ahead of the competition by offering a wide variety of vacation ownership products and experiences that appeal to a broad range of customers.

– iGrandiViaggi SpA ($LTS:0R8E)

Hai Grandi Viaggi SpA is a company that provides travel services. It has a market capitalization of 36.65 million as of 2022 and a return on equity of 0.08%. The company offers a variety of travel-related services, including air travel, hotel accommodations, car rentals, and cruises.

– Archon Corp ($OTCPK:ARHN)

Archon Corporation is a holding company that operates through its subsidiaries. The Company, through its subsidiaries, is engaged in the business of real estate investment, development, management, construction, and brokerage.

– Resorttrust Inc ($TSE:4681)

Resorttrust Inc is a Japanese company that operates resorts and hotels. As of 2022, the company had a market capitalization of 248.83 billion yen and a return on equity of 11.02%. The company operates a total of 74 hotels and resorts, including 57 in Japan and 17 overseas. In addition to hotel and resort operations, the company also provides a range of services such as golf course management, real estate development, and food and beverage operations.

Summary

This is the 10th consecutive year that the company has increased its dividend, showing the strength of its financial position and its commitment to reward shareholders. The announcement was well-received by the market as the stock price rose on the same day as the announcement. This potentially provides a buying opportunity for long-term investors looking to benefit from the company’s steady growth and attractive dividend yield. Investors should do their own research and consider their own risk tolerance before making any investments.