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Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend

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Marriott Vacations Worldwide (NYSE: VAC) declared a quarterly cash dividend of $0.76 per share of common stock. The dividend will be paid on or around June 6, 2024, to stockholders of record as of May 23, 2024.

Positive
  • Marriott Vacations Worldwide is rewarding its shareholders with a generous quarterly cash dividend of $0.76 per share.

  • The consistent payment of dividends reflects the company's commitment to returning value to its shareholders.

Negative
  • The amount of the quarterly cash dividend may not meet the expectations of some investors looking for higher returns.

  • Depending on the company's financial performance, future dividend payments could be subject to change or cancellation.

ORLANDO, Fla.--(BUSINESS WIRE)-- Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock.

The dividend is payable on or around June 6, 2024, to stockholders of record as of the close of business on May 23, 2024.

About Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.

Neal Goldner

Investor Relations

407-206-6149

neal.goldner@mvwc.com

Cameron Klaus

Global Communications

407-513-6606

cameron.klaus@mvwc.com

Source: Marriott Vacations Worldwide Corporation

FAQ

When will Marriott Vacations Worldwide pay the quarterly cash dividend?

Marriott Vacations Worldwide will pay the quarterly cash dividend on or around June 6, 2024.

How much is the quarterly cash dividend per share declared by Marriott Vacations Worldwide ?

Marriott Vacations Worldwide declared a quarterly cash dividend of $0.76 per share of common stock.

Who is eligible to receive the quarterly cash dividend declared by Marriott Vacations Worldwide ?

Stockholders of record as of the close of business on May 23, 2024, are eligible to receive the quarterly cash dividend declared by Marriott Vacations Worldwide

MARRIOTT VACATIONS WORLDWIDE CORPORATION

NYSE:VAC

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3.13B
31.92M
8.39%
86.44%
4.67%
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