LONDON, UK / ACCESSWIRE / September 19, 2017 / Pro-Trader Daily takes a closer look at Marriott Vacations Worldwide Corp. (NYSE:VAC) ("Marriott Vacations") as the Company's stock will begin trading ex-dividend on September 20, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on September 19, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 08, 2017, Marriott Vacations announced its Board of Directors authorized a quarterly cash dividend of $0.35 per share of common stock. The dividend is payable on October 5, 2017 to shareholders of record as of September 21, 2017.

Marriott Vacations ' indicated dividend represents a yield of 1.24% compared to the average dividend yield of 1.95% for the Services sector. The Company has raised its dividend for two consecutive years.

Dividend Insights

Marriott Vacations has a dividend payout ratio of 25.6%, which reflects that it distributes approximately $0.26 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Marriott Vacations is projected to report earnings of $6.12 per share in the coming year, meaning that the Company should be able to comfortably cover its annualized dividend of $1.40.

On June 30, 2017, Marriott Vacations' cash and cash equivalents totaled $85.2 million. Since the beginning of the year, the Company's real estate inventory balances increased $31.3 million to $739.4 million, including $421.1 million of finished goods and $318.3 million of land and infrastructure. The Company had $789.7 million in gross debt outstanding at the end of Q2 2017, an increase of $43.3 million from year-end 2016, consisting primarily of $671.2 million in gross securitized notes receivable, $63.6 million related to a non-interest bearing note issued in conjunction with the capital efficient acquisition of vacation ownership units, $47.5 million outstanding under its revolving corporate credit facility, and approximately $7 million related to capital leases and other miscellaneous debt.

The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Marriott Vacations

On August 17, 2017, Marriott Vacations announced the completion of a securitization of a pool of approximately $361 million of vacation ownership loans. Approximately $303 million of the loans were purchased on August 17, 2017, by the MVW Owner Trust 2017-1, and all or a portion of the remaining loans may be purchased by the Trust prior to January 15, 2018. In connection with the securitization, investors purchased $350 million of notes (the "Notes") from the Trust.

Of the $350 million in proceeds from the transaction, $56 million will be held by the Trust until it purchases all or a portion of the remaining loans or, if not used for that purpose, returned to the investors. In addition, approximately $49 million was used to repay all outstanding amounts previously drawn under Marriott Vacations' $250 million warehouse credit facility, approximately $7 million was used to pay transaction expenses and fund required reserves and the remainder will be used for general corporate purposes.

About Marriott Vacations

Marriott Vacations 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.

Stock Performance

On Monday, September 18, 2017, the stock closed the trading session at $114.10, marginally up 0.68% from its previous closing price of $113.33. A total volume of 124.70 thousand shares have exchanged hands. Marriott Vacations' stock price skyrocketed 4.95% in the last one month, 19.14% in the past six months, and 50.25% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 34.47%. The stock is trading at a PE ratio of 20.49 and has a dividend yield of 1.23%. The stock currently has a market cap of $3.15 billion.

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