Marriott Vacations climbs after hiking dividends, share buyback authorization

Marriott Vacations Worldwide

22/02/2022 15:43

** Marriott Vacations Worldwide Corp's  VAC.N  shares up
1.7% to $168.97 
    ** Hospitality co announces an increase of 15% in qtrly cash
dividend to 62 cents/shr  urn:newsml:reuters.com:*:nPn5jH2QLa
    ** Dividend is expected to be paid on March 17, VAC says
    ** Co also increases share repurchase authorization by $300
mln
    ** Says a total of $445 mln of capital available for share
repurchases
    ** As of last close, shares had lost 1.7% so far this year 

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))