Vail Resorts, Inc. (MTN) to Distribute Quarterly Dividend of $2.22 on July 9th

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Thursday, June 25th will be given a dividend of 2.22 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Thursday, June 25th.

Vail Resorts has increased its dividend payment by an average of 0.1%annually over the last three years and has raised 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. 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 2.0%

NYSE MTN opened at $141.92 on Tuesday. The business’s fifty day moving average is $129.71 and its 200-day moving average is $135.17. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 13.41 and a beta of 0.72. Vail Resorts has a one year low of $118.51 and a one year high of $172.00.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $10.54 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. Equities research analysts predict that Vail Resorts will post 4.37 EPS for the current year.

About Vail Resorts

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.