Vail Resorts, Inc. (MTN) To Go Ex-Dividend on October 8th

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, September 24th. Investors of record on Thursday, October 8th will be given a dividend of $2.22 per share on Tuesday, October 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Thursday, October 8th.

Vail Resorts has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Vail Resorts has a 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

MTN stock opened at $139.48 on Tuesday. The firm has a 50 day moving average price of $143.26 and a 200-day moving average price of $137.03. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $163.34. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 10.13 and a beta of 0.76. The company has a debt-to-equity ratio of 5.57, a quick ratio of 0.68 and a current ratio of 0.80.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%.The business had revenue of $278.07 million during the quarter, compared to analyst estimates of $269.30 million. During the same period in the previous year, the company posted ($5.08) EPS. Vail Resorts’s revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Vail Resorts will post 5.64 EPS for the current fiscal year.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.

The company’s portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.