Press Release

View printer-friendly version

<<  Back

Marriott Vacations Worldwide Corporation Announces 14 Percent Increase to Quarterly Cash Dividend

ORLANDO, Fla., Dec. 8, 2017 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board of directors authorized a quarterly cash dividend of $0.40 per share of common stock, an increase of 14.2 percent over the previous quarterly dividend of $0.35 per share. The dividend is payable on January 4, 2018 to shareholders of record as of December 21, 2017.

Marriott Vacations Worldwide Corporation. (PRNewsFoto/Marriott Vacations Worldwide)

"We are continuing to remain focused on returning excess capital to our shareholders through a balanced approach of quarterly dividends and opportunistically buying back shares. As part of this strategy, I am very pleased that we have increased our dividend by over 14 percent over our last dividend, a result of our strong capital position and company performance," said Stephen P. Weisz, president and chief executive officer.

About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global pure-play vacation ownership company, offering a diverse portfolio of quality products, programs and management expertise with over 65 resorts. Its brands include Marriott Vacation Club, The Ritz-Carlton Destination Club and Grand Residences by Marriott. Since entering the industry in 1984 as part of Marriott International, Inc., the company earned its position as a leader and innovator in vacation ownership products. The company preserves high standards of excellence in serving its customers, investors and associates while maintaining a long-term relationship with Marriott International. For more information, please visit www.marriottvacationsworldwide.com.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/marriott-vacations-worldwide-corporation-announces-14-percent-increase-to-quarterly-cash-dividend-300568735.html

SOURCE Marriott Vacations Worldwide

News Provided by Acquire Media

Stock Quote

Copyright West LLC. Minimum 15 minutes delayed.