Vail Resorts, Inc. (MTN) to Issue Quarterly Dividend of $2.22 on January 12th

Vail Resorts, Inc. (NYSE:MTN) declared a quarterly dividend on Wednesday, December 10th. Investors of record on Tuesday, December 30th will be paid a dividend of 2.22 per share on Monday, January 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, December 30th.

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% indicating that 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 Stock Performance

NYSE MTN opened at $140.27 on Friday. The company has a market capitalization of $5.02 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 10.78 and a beta of 0.81. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $191.42. The company has a 50-day simple moving average of $146.30 and a 200 day simple moving average of $152.03.

Vail Resorts (NYSE:MTN) last released its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. During the same period in the previous year, the company earned ($4.61) earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts predict that Vail Resorts will post 7.62 EPS for the current year.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MTN. BOKF NA grew its position in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. NBT Bank N A NY grew its position in Vail Resorts by 450.0% during the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after buying an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after acquiring an additional 169 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

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.