marriott vacations worldwide corp vac said tuesday it has raised its quarterly dividend by 148 to 62 cents a share from 54 cents the new dividend is payable march 17 to shareholders of record on march 3 the vacation ownership companys stock was still inactive in premarket trading based on the stocks friday closing price of 16614 the new annual dividend rate implies a dividend yield of 149 which compares with the implied yield for the sp 500 spx of 145 separately the company said it increased its stock repurchase program by 300 million which raised its current available buyback authorization to 445 million the stock has gained 07 over the past three months while the sp 500 has slipped 71