Vail Resorts, Inc. (NYSE:MTN) Shares Set to Pay Quarterly Dividend of $2.22

Key Points

• Vail Resorts declared a quarterly dividend of $2.22 per share, payable October 27 to shareholders of record on October 8. The dividend implies an annualized payout of $8.88 and a 6.4% yield.
• The dividend appears financially strained: Vail Resorts’ payout ratio is 109.5%, and analysts expect a potential 142.3% payout ratio next year based on projected earnings of $6.24 per share.
• In its latest quarter, the company reported a net loss of $5.34 per share but exceeded estimates, while revenue rose 2.5% year over year to $278.07 million. Shares opened at $139.48, down 1.2%.

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) announced a quarterly dividend on Thursday, September 24th. Investors 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 yield of 6.4%. The ex-dividend date of this dividend 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 annually for the last 3 consecutive 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 $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 1.2%

Shares of NYSE:MTN opened at $139.48 on Tuesday. The stock has a market cap of $4.97 billion, a P/E ratio of 33.69, a P/E/G ratio of 10.13 and a beta of 0.76. The firm has a fifty day moving average price of $143.26 and a 200 day moving average price of $137.03. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.80 and a quick ratio of 0.68. Vail Resorts has a 1-year low of $118.51 and a 1-year high of $163.34.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.35) by $0.01. The company had revenue of $278.07 million for the quarter, compared to the consensus estimate of $269.30 million. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. Vail Resorts's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm posted ($5.08) EPS. Sell-side analysts predict that Vail Resorts will post 5.64 EPS for the current 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.

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