Vail Resorts (MTN) Declares $2.06 Dividend
Vail Resorts said on September 28, 2023 that its board of directors declared a regular quarterly dividend of $2.06 per share ($8.24 annualized). Previously, the company paid $2.06 per share.
Shareholders of record as of October 10, 2023 will receive the payment on October 26, 2023.
At the current share price of $211.25 / share, the stock's dividend yield is 3.90%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.89%, the lowest has been 0.97%, and the highest has been 4.97%. The standard deviation of yields is 0.79 (n=163).
The current dividend yield is 1.28 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.17. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
What is the Fund Sentiment?
There are 944 funds or institutions reporting positions in Vail Resorts. This is a decrease of 37 owner(s) or 3.77% in the last quarter. Average portfolio weight of all funds dedicated to MTN is 0.28%, a decrease of 6.77%. Total shares owned by institutions decreased in the last three months by 6.55% to 46,914K shares. 
The put/call ratio of MTN is 1.05, indicating a bearish outlook.
Analyst Price Forecast Suggests 28.11% Upside
As of October 5, 2023, the average one-year price target for Vail Resorts is 270.64. The forecasts range from a low of 225.23 to a high of $310.80. The average price target represents an increase of 28.11% from its latest reported closing price of 211.25.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vail Resorts is 3,116MM, an increase of 7.84%. The projected annual non-GAAP EPS is 10.22, an increase of 190.75% from the prior forecast.
What are Other Shareholders Doing?
Bamco holds 4,670K shares representing 12.24% ownership of the company. In it's prior filing, the firm reported owning 4,629K shares, representing an increase of 0.87%. The firm increased its portfolio allocation in MTN by 0.25% over the last quarter.
Select Equity Group holds 3,095K shares representing 8.11% ownership of the company. In it's prior filing, the firm reported owning 3,165K shares, representing a decrease of 2.26%. The firm increased its portfolio allocation in MTN by 10.19% over the last quarter.
BGRFX - BARON GROWTH FUND holds 2,000K shares representing 5.24% ownership of the company. No change in the last quarter.
APG Asset Management N.V. holds 1,970K shares representing 5.16% ownership of the company. No change in the last quarter.
Principal Financial Group holds 1,664K shares representing 4.36% ownership of the company. In it's prior filing, the firm reported owning 1,671K shares, representing a decrease of 0.39%. The firm decreased its portfolio allocation in MTN by 43.61% over the last quarter.
Vail Resorts Background Information
(This description is provided by the company.)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts' subsidiaries operate 37 world-class destination mountain resorts and regional ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts.
Additional reading:
- Fiscal 2024 Guidance Fiscal 2024 Guidance (In thousands) (In thousands) For the Three Months Ending For the Year Ending October 31, 2023 (6) July 31, 2024 (6) Low End High End Low End High End Range Range Range Range Net (loss) income attributable to
- Subsidiaries of Vail Resorts, Inc.
- July 31, 2023 (6)
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.