Vail Resorts, Inc. (MTN) To Go Ex-Dividend on June 25th

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Thursday, June 25th will be paid 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 raised its dividend payment 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. 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 Down 2.0%

Vail Resorts stock opened at $141.92 on Tuesday. Vail Resorts has a fifty-two week low of $118.51 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm’s 50-day simple moving average is $129.71 and its 200 day simple moving average is $135.17. The stock has a market cap of $5.06 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 13.41 and a beta of 0.72.

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

Vail Resorts Company Profile

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.