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

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, March 5th. Investors of record on Thursday, March 26th will be paid a dividend of 2.22 per share on Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, March 26th.

Vail Resorts has increased 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 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 $8.25 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 107.6%.

Vail Resorts Trading Down 0.6%

Shares of NYSE:MTN opened at $130.39 on Tuesday. The company has a market capitalization of $4.65 billion, a P/E ratio of 21.27, a P/E/G ratio of 9.04 and a beta of 0.78. Vail Resorts has a 1 year low of $126.15 and a 1 year high of $175.51. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51. The business’s 50 day simple moving average is $137.42 and its 200 day simple moving average is $143.16.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.06 by ($0.19). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. Vail Resorts’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $6.56 earnings per share. On average, research analysts anticipate that Vail Resorts will post 7.62 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.