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.
"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.
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SOURCE Marriott Vacations Worldwide