Vail Resorts (MTN) will raise its quarterly dividend by almost forty percent to $1.47 per share in 2018. The new dividend will be paid on April 11, 2018 to shareholders of record on March 27, 2018. The new dividend yield for MTN is 2.7%.

Rob Katz, Chief Executive Officer said, "Given the performance of our business despite the difficult conditions this year, we are increasingly confident in the strong cash flow generation and stability of our business model. We will continue to be disciplined stewards of our capital and are committed to strategic, high-return capital projects, continuous investment in our people and returning capital to our shareholders through our quarterly dividend and share repurchase programs. We are pleased to announce that the Board of Directors has approved a 40% increase to our quarterly dividend and declared a quarterly cash dividend on Vail Resorts' common stock of $1.47 per share, payable on April 11, 2018 to stockholders of record on March 27, 2018." Katz added, "Our balance sheet remains very strong. We ended the fiscal quarter with $235.5 million of cash on hand and our Net Debt was 1.7 times trailing twelve months Total Reported EBITDA."

Vail Resorts, Inc. is a mountain resort operator. Vail Resorts' subsidiaries operate mountain resorts and urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone 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 in Australia; Wilmot Mountain in Wisconsin; Afton Alps in Minnesota and Mt. Brighton in Michigan. 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. The company has paid a dividend every year since 2011.