Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, June 6th, NASDAQ reports. Shareholders of record on Wednesday, June 26th will be given a dividend of 1.76 per share on Thursday, July 11th. This represents a $7.04 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, June 25th.

Vail Resorts has increased its dividend payment by an average of 33.8% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Vail Resorts has a payout ratio of 88.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Vail Resorts to earn $7.96 per share next year, which means the company should continue to be able to cover its $7.04 annual dividend with an expected future payout ratio of 88.4%.

MTN stock opened at $230.54 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 0.69. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.20 and a beta of 0.70. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 6th. The company reported $7.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $7.03 by $0.09. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. The business had revenue of $958.00 million during the quarter, compared to analysts’ expectations of $958.39 million. During the same period in the previous year, the firm posted $6.17 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that Vail Resorts will post 6.99 earnings per share for the current fiscal year.

MTN has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research note on Monday, March 11th. Jefferies Financial Group initiated coverage on Vail Resorts in a research note on Monday, April 22nd. They issued a “hold” rating and a $233.00 price objective for the company. SunTrust Banks lifted their price objective on Vail Resorts to $247.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, KeyCorp lifted their price objective on Vail Resorts from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $238.08.

In related news, insider Patricia A. Campbell sold 6,431 shares of Vail Resorts stock in a transaction on Monday, June 10th. The stock was sold at an average price of $235.53, for a total value of $1,514,693.43. Following the completion of the transaction, the insider now directly owns 33,729 shares in the company, valued at $7,944,191.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Robert A. Katz sold 64,913 shares of Vail Resorts stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total value of $15,056,570.35. Following the completion of the transaction, the chairman now owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Dividend History for Vail Resorts (NYSE:MTN)

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