Marriott Vacations Worldwide C Stock Price, News & Analysis

Marriott Vacations Worldwide (NYSE: VAC) said its Board increased the quarterly cash dividend to $0.80 per share, payable on or around January 7, 2026 to stockholders of record at the close of business on December 24, 2025.

The Board also extended the company’s existing share repurchase authorization through December 31, 2026. Repurchases may occur via open-market purchases, privately negotiated transactions, block transactions, tender offers, or other methods, subject to market conditions, regulatory and contractual requirements. The company may adopt one or more Rule 10b5-1 plans in connection with the program, and the authorization may be suspended, terminated, increased, or decreased by the Board at any time.

Marriott Vacations Worldwide (NYSE: VAC) announced that Matt Avril, interim president and CEO, and Jason Marino, EVP and CFO, will appear in a live fireside chat at the Barclays Eat, Sleep, Play, Shop Conference in New York City on December 4, 2025 at 9:45 a.m. EST.

A live audio webcast will be available at ir.mvwc.com, and a replay will be accessible after the event.

Marriott Vacations Worldwide (NYSE: VAC) completed a $470 million securitization of vacation ownership loans through MVW 2025-2 LLC on November 18, 2025.

The transaction was backed by about $479 million of loans, has a blended interest rate of 4.62%, and a gross advance rate of 98%. Three note classes were issued: Class A ~$283M (4.48%), Class B ~$106M (4.72%), and Class C ~$81M (4.97%). Proceeds, net of fees, are intended to repay outstanding credit facility obligations and for general corporate purposes. The offering was made to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S, and the notes are not registered under the Securities Act.

Marriott Vacations Worldwide (NYSE: VAC) announced that Brian E. Miller, President, Vacation Ownership, will retire effective December 31, 2025 after more than three decades with the company. Mr. Miller will remain an advisor to the president and CEO through March 27, 2026 to support a planned transition. Effective January 1, 2026, Stephanie Sobeck Butera, EVP & COO, Hyatt Vacation Ownership, and John Fitzgerald, EVP & Chief Marketing, Sales & Service Officer, will report directly to the president and CEO. Additional organizational changes related to the retirement will be announced later.

Marriott Vacations Worldwide (NYSE: VAC) announced that its Board appointed Matthew E. Avril as Interim President and Chief Executive Officer, effective November 10, 2025, following the departure of John Geller.

The Board has commenced a search for a permanent CEO; Mr. Avril joined the Board in March 2025 and has over 30 years of hospitality experience. The company said it will opportunistically repurchase shares under its remaining $347 million Share Repurchase Program during the quarter, reaffirmed its 2025 guidance issued on November 5, 2025, and postponed the planned Investor Day scheduled for December 17 until further notice.

Marriott Vacations Worldwide (NYSE: VAC) reported third quarter 2025 results: consolidated contract sales $439M, GAAP net loss attributable to common stockholders $2M (diluted loss $0.07), and adjusted net income $66M with adjusted diluted EPS $1.69. Adjusted EBITDA was $170M. The company ended the quarter with $1.428B liquidity and $4B corporate debt plus $2B non‑recourse securitized debt. Management updated full‑year 2025 guidance and reiterated a $150M–$200M expected Adjusted EBITDA benefit from its modernization program by end of 2026.

Marriott Vacations Worldwide Corporation (NYSE: VAC) will release third-quarter 2025 financial results after market close on Wednesday, November 5, 2025. A conference call is scheduled for 8:30 a.m. ET on Thursday, November 6, 2025 to discuss results. Participants may join by phone at (877) 407-8289 (US) or (201) 689-8341 (intl), or listen via a live webcast in the Investor Relations section at ir.mvwc.com. An audio replay will be available on ir.mvwc.com from 12:30 p.m. ET on November 6 through 8:30 a.m. ET on December 6, 2025 (replay dial-ins: (877) 660-6853 US, (201) 612-7415 intl; conference ID 13755811).

Marriott Vacations Worldwide (NYSE: VAC) announced that its subsidiary, Marriott Ownership Resorts, Inc., has priced a $575 million offering of senior notes with a 6.500% interest rate, due in 2033. The private placement is expected to close on September 18, 2025.

The company plans to use the proceeds, along with cash on hand, to pay off $575 million of 2026 Convertible Notes due January 15, 2026. In the interim, funds will be used to repay borrowings under MVW's $800 million revolving credit facility and/or invest in cash equivalent securities. The notes are being offered exclusively to qualified institutional buyers and non-U.S. persons under specific regulatory exemptions.

Marriott Vacations Worldwide (NYSE: VAC) has announced that its subsidiary, Marriott Ownership Resorts, Inc., plans to offer $575 million in senior notes due 2033. The proceeds, combined with cash on hand, will be used to pay off the 2026 Convertible Notes due January 15, 2026, and in the interim, to repay borrowings under MVW's $800 million revolving credit facility.

The Notes will be exclusively offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. MVW operates approximately 120 vacation ownership resorts with about 700,000 owner families, managing an exchange network of over 3,200 affiliated resorts across more than 90 countries.