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

Vail Resorts, Inc. (NYSE:MTN) declared a quarterly dividend on Thursday, September 24th. Shareholders 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 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Thursday, October 8th.

Vail Resorts has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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 research 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 Trading Down 1.2%

NYSE MTN opened at $139.48 on Tuesday. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $163.34. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57. The stock has a 50 day moving average of $143.26 and a 200-day moving average of $137.03. The company has a market cap of $4.97 billion, a PE ratio of 33.69, a PEG ratio of 10.13 and a beta of 0.76.

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

About Vail Resorts

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.