Marriott Vacations Increases Dividend 4% to 79 Cents a Share

Dow Jones12-06

By Chris Wack

Marriott Vacations Worldwide said its board of directors authorized a quarterly cash dividend of 79 cents a share, an increase of 4% over its prior dividend.

The operator of resorts and vacation clubs said the dividend is payable on or around Jan. 3, to stockholders of record as of the close of business Dec. 19.

The Orlando company previously raised its dividend last December, to 76 cents a share.

Shares of Marriott Vacations are up 31% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

December 06, 2024 10:39 ET (15:39 GMT)

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