Vail Resorts, Inc. (NYSE:MTN) Plans $2.22 Quarterly Dividend

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, June 4th. Investors of record on Thursday, June 25th will be given a dividend of 2.22 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, June 25th.

Vail Resorts has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Vail Resorts has a dividend payout ratio of 109.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Vail Resorts to earn $6.24 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 142.3%.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $141.92 on Tuesday. The stock’s fifty day simple moving average is $129.71 and its 200 day simple moving average is $135.17. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $5.06 billion, a PE ratio of 32.26, a PEG ratio of 13.41 and a beta of 0.72. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $172.00.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm posted $10.54 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. On average, research analysts predict that Vail Resorts will post 4.37 EPS for the current year.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.