Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Marriott Vacations Worldwide Corporation (NYSE: VAC) has announced a quarterly cash dividend of $0.62 per share, payable on or around June 9, 2022. This dividend is granted to shareholders who are on record as of the close of business on May 26, 2022. The company continues to demonstrate its commitment to returning value to its shareholders while maintaining a strong business presence in the vacation ownership sector.

Positive

• Quarterly cash dividend of $0.62 per share supports shareholder income.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

ORLANDO, Fla., May 13, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced its board of directors authorized a quarterly cash dividend of $0.62 per share of common stock. The dividend is payable on or around June 9, 2022 (the "Payment Date") to shareholders of record as of the close of business on May 26, 2022 (the "Record Date").

About Marriott Vacations Worldwide Corporation  

Marriott Vacations Worldwide Corporation (NYSE:VAC) 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 exchange networks and membership programs comprised of nearly 3,200 affiliated resorts in over 90 nations, as well as 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 Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com. 

 

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SOURCE Marriott Vacations Worldwide Corporation

FAQ

What is the dividend amount for VAC in June 2022?

The dividend amount is $0.62 per share.

When is the record date for the VAC dividend?

The record date is May 26, 2022.

When will VAC pay the dividend?

The dividend will be paid on or around June 9, 2022.

Is the dividend from Marriott Vacations Worldwide sustainable?

The press release does not provide specific information regarding the sustainability of future dividends.