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

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

Vail Resorts has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 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. Equities 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 Price Performance

Shares of NYSE MTN opened at $141.92 on Tuesday. The firm’s 50-day moving average price is $129.71 and its 200-day moving average price is $135.17. Vail Resorts has a 1-year low of $118.51 and a 1-year high of $172.00. The firm has a market capitalization of $5.06 billion, a P/E ratio of 32.26, a P/E/G ratio of 13.41 and a beta of 0.72. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22.

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