Vail Resorts, Inc. (NYSE:MTN) Announces $1.76 Quarterly Dividend

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Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, June 6th, NASDAQ reports. Investors of record on Wednesday, June 26th will be given a dividend of 1.76 per share on Thursday, July 11th. This represents a $7.04 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, June 25th.

Vail Resorts has raised its dividend by an average of 33.8% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Vail Resorts has a payout ratio of 88.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Vail Resorts to earn $7.96 per share next year, which means the company should continue to be able to cover its $7.04 annual dividend with an expected future payout ratio of 88.4%.

Vail Resorts stock opened at $230.54 on Monday. The stock has a market cap of $9.27 billion, a P/E ratio of 36.65, a P/E/G ratio of 2.20 and a beta of 0.70. Vail Resorts has a 52 week low of $179.60 and a 52 week high of $302.76. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 6th. The company reported $7.12 EPS for the quarter, topping the consensus estimate of $7.03 by $0.09. The firm had revenue of $958.00 million for the quarter, compared to analyst estimates of $958.39 million. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. Vail Resorts’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $6.17 earnings per share. Research analysts anticipate that Vail Resorts will post 6.99 earnings per share for the current fiscal year.

Several analysts recently commented on the company. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Stifel Nicolaus increased their price target on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. SunTrust Banks initiated coverage on Vail Resorts in a research report on Friday, April 26th. They set a “buy” rating and a $242.00 price target on the stock. Macquarie downgraded Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price target on the stock. in a research report on Thursday, April 4th. Finally, Deutsche Bank reiterated a “buy” rating and set a $267.00 price target on shares of Vail Resorts in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $238.08.

In other news, Chairman Robert A. Katz sold 64,913 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $231.95, for a total value of $15,056,570.35. Following the transaction, the chairman now owns 425,729 shares in the company, valued at $98,747,841.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patricia A. Campbell sold 6,431 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $235.53, for a total value of $1,514,693.43. Following the completion of the transaction, the insider now owns 33,729 shares in the company, valued at approximately $7,944,191.37. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Dividend History for Vail Resorts (NYSE:MTN)

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