Marriott Vacations Worldwide Boosts Quarterly Cash Dividend By Over 5% From $0.72 To $0.76 Per Share
Portfolio Pulse from Benzinga Newsdesk
Marriott Vacations Worldwide has announced an increase in its quarterly cash dividend from $0.72 to $0.76 per share, a rise of over 5%. The new dividend will be payable on January 4, 2024, to shareholders on record as of December 21, 2023.
December 07, 2023 | 9:51 pm
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Marriott Vacations Worldwide (VAC) increases its quarterly dividend to $0.76, reflecting a commitment to returning value to shareholders and a positive outlook on cash flow.
The increase in dividend is typically viewed as a positive signal about a company's financial health and future prospects. It suggests that Marriott Vacations Worldwide is confident in its cash flow and is committed to providing value to its shareholders. This can lead to increased investor confidence and potentially a short-term rise in stock price.
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