Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Marriott Vacations Worldwide Corporation (NYSE: VAC) increases quarterly cash dividend by over 5% to $0.76 per share, payable on January 4, 2024.

Positive

• Increase in quarterly cash dividend reflects company's financial strength and commitment to shareholders.

Negative

• None.

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, an increase of more than 5% over the Company’s prior dividend.

The dividend is payable on or around January 4, 2024, to shareholders of record as of the close of business on December 21, 2023.

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 over 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231207844379/en/

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

What is the latest quarterly cash dividend announced by Marriott Vacations Worldwide Corporation (NYSE: VAC)?

The latest quarterly cash dividend announced by Marriott Vacations Worldwide Corporation (NYSE: VAC) is $0.76 per share, representing an increase of more than 5% over the previous dividend.

When will the increased dividend be payable to shareholders of Marriott Vacations Worldwide Corporation (NYSE: VAC)?

The increased dividend will be payable on or around January 4, 2024, to shareholders of record as of the close of business on December 21, 2023.