Marriott Vacations Worldwide's (NYSE:VAC) Upcoming Dividend Will Be Larger Than Last Year's

Simply Wall St.12-12

Marriott Vacations Worldwide Corporation (NYSE:VAC) has announced that it will be increasing its periodic dividend on the 3rd of January to $0.79, which will be 3.9% higher than last year's comparable...

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This makes the dividend yield 3.2%, which is above the industry average.While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Marriott Vacations Worldwide's stock price has increased by 34% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.See our latest analysis for Marriott Vacations Worldwide. Marriott Vacations Worldwide's Payment Could Potentially Have Solid Earnings Coverage. The next year is set to see EPS grow by 66.4%. If the dividend continues along recent trends, we estimate the payout ratio will be 36%, which is in the range that makes us co","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VAC":"万豪度假环球","BK4142":"酒店、度假村与豪华游轮","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","NYSE":"纽交所"},"translate_title":"万豪度假全球（纽约证券交易所股票代码：VAC）即将派发的股息将高于去年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYSE":1,"VAC":1},"content_text":"Marriott Vacations Worldwide Corporation (NYSE:VAC) has announced that it will be increasing its periodic dividend on the 3rd of January to $0.79, which will be 3.9% higher than last year's comparable payment amount of $0.76. This makes the dividend yield 3.2%, which is above the industry average. \n While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Marriott Vacations Worldwide's stock price has increased by 34% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. \n See our latest analysis for Marriott Vacations Worldwide \nMarriott Vacations Worldwide's Payment Could Potentially Have Solid Earnings Coverage\n While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. The last payment was quite easily covered by earnings, but it made up 154% of cash flows. This signals that the company is more focused on returning cash flow to shareholders, but it could mean that the dividend is exposed to cuts in the future. \n The next year is set to see EPS grow by 66.4%. If the dividend continues along recent trends, we estimate the payout ratio will be 36%, which is in the range that makes us comfortable with the sustainability of the dividend. \n\n\n\n  NYSE:VAC Historic Dividend December 12th 2024\n \n\nDividend Volatility\n While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The annual payment during the last 10 years was $1.00 in 2014, and the most recent fiscal year payment was $3.04. This means that it has been growing its distributions at 12% per annum over that time. Despite the rapid growth in the dividend over the past number of years, we have seen the payments go down the past as well, so that makes us cautious. \nThe Dividend Looks Likely To Grow\n Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Marriott Vacations Worldwide has seen EPS rising for the last five years, at 19% per annum. While on an earnings basis, this company looks appealing as an income stock, the cash payout ratio still makes us cautious. \nOur Thoughts On Marriott Vacations Worldwide's Dividend\n Overall, we always like to see the dividend being raised, but we don't think Marriott Vacations Worldwide will make a great income stock. With cash flows lacking, it is difficult to see how the company can sustain a dividend payment. We would probably look elsewhere for an income investment. \n Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Just as an example, we've come across 3 warning signs for Marriott Vacations Worldwide you should be aware of, and 1 of them is potentially serious. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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