Marriott Vacations Worldwide (VAC) Declares $0.30 Quarterly Dividend and Approves Additional 2M Share Buyback

Marriott Vacations Worldwide (NYSE: VAC) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.

The dividend will be payable on March 10, 2016, to stockholders of record on February 25, 2016, with an ex-dividend date of February 23, 2016.

The annual yield on the dividend is 2.5 percent.

Additionally, the company repurchased 1.6 million shares of its common stock under its share repurchase program during the fourth quarter of 2015, for $95.3 million, and an additional 0.7 million shares, for over $34.8 million, during the first quarter of 2016 through February 11, 2016. The company's board of directors has authorized the repurchase of an additional 2 million shares of its common stock, bringing the total share authorization under its share repurchase program to approximately 3.4 million shares.

For a dividend history and other dividend-related data on Marriott Vacations Worldwide (VAC) click here.

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