Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Marriott Vacations Worldwide Corporation (NYSE: VAC) has declared a quarterly cash dividend of $0.54 per share, set to be paid on or around January 6, 2022. Shareholders of record by the close of business on December 23, 2021 will receive this dividend. This reflects the company's ongoing commitment to returning value to its shareholders amidst a robust portfolio of vacation ownership and related services.

Positive

• Quarterly cash dividend of $0.54 per share demonstrates commitment to shareholder returns.
• Dividend payment date is set for January 6, 2022.

Negative

• None.

ORLANDO, Fla., Dec. 10, 2021 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board of directors authorized a quarterly cash dividend of $0.54 per share of common stock. The dividend is payable on or around January 6, 2022 (the "Payment Date") to shareholders of record as of the close of business on December 23, 2021 (the "Record Date").

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 nearly 120 resorts and over 700,000 Owners and Members in a diverse portfolio that includes seven vacation ownership brands. It also includes exchange networks and membership programs comprised of nearly 3,200 resorts in over 90 nations, as well as management of more than 150 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 Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit marriottvacationsworldwide.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-vacations-worldwide-corporation-announces-quarterly-cash-dividend-301442189.html

SOURCE Marriott Vacations Worldwide Corporation

FAQ

What is the dividend amount for Marriott Vacations Worldwide Corporation (VAC)?

The dividend amount is $0.54 per share.

When will the dividend for VAC be paid?

The dividend will be paid on or around January 6, 2022.

What is the record date for the dividend payment for VAC?

The record date for the dividend payment is December 23, 2021.

How often does Marriott Vacations Worldwide Corporation pay dividends?

Marriott Vacations Worldwide Corporation typically pays dividends quarterly.