Marriott Vacations Worldwide (VAC) Declares $0.72 Quarterly Dividend; Raises Buyback Plan to $600M
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Marriott Vacations Worldwide Corporation Announces Increased Share Repurchase Authorization and Quarterly Cash Dividend
May 11, 2023 4:54 PM EDTORLANDO, Fla.--(BUSINESS WIRE)-- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced that its Board of Directors increased its share repurchase authorization and declared a quarterly dividend.
As of May 10, 2023, the Company had approximately $149 million of capacity to repurchase common stock remaining under its prior authorization. The Board of Directors increased this remaining authorization to an aggregate of $600 million (including the $149 million of remaining unused capacity) and extended the repurchase authorization through December 31, 2024.
In addition, the Board of Directors declared a quarterly cash dividend of $0.72... More
