Marriott Vacations: Dividend Insights
Portfolio Pulse from Benzinga Insights
Marriott Vacations (NYSE:VAC) announced a quarterly dividend of 76 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning VAC by the end of Tuesday are eligible for the payout on March 14, 2024. The stock is expected to open 76 cents lower on the ex-dividend date.
February 23, 2024 | 2:45 pm
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Marriott Vacations announces a quarterly dividend of 76 cents per share, with an ex-dividend date this Wednesday. Eligible shareholders will receive the payout on March 14, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as indicated by the expected opening price being 76 cents lower. This is a standard market reaction to dividend payouts.
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