Vail Resorts As of October 18, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
MTN $3.52 0.0% -100.0% 19.7%
Business yield Hike yrs 5 yr CAGR freq. paid since
Mountain Resorts & Ski Areas 1.0% 0 N/A Quarter 2021
Vail Resorts reinstates dividend

Vail Resorts (MTN) will reinstate its quarterly dividend in 2021 with a new payment of $0.88 per share. In 2020 MTN had suspended its quarterly dividend because of the COVID-19 pandemic.This followed a dividend hike 19.7 percent to $1.76 per share in 2019, marking the 8th consecutive year of higher dividends by the mountain resort operator at the time.

From the company's press release: "We are also pleased to announce that the Board of Directors has reinstated our quarterly dividend by declaring a cash dividend on Vail Resorts' common stock of $0.88 per share, payable on October 22, 2021 to shareholders of record on October 5, 2021. This dividend payment equates to 50% of pre-pandemic levels and reflects our continued confidence in the strong free cash flow generation and stability of our business model despite the ongoing risks associated with COVID-19. Our Board of Directors will continue to closely monitor the economic and public health outlook on a quarterly basis to assess the level of our quarterly dividend going forward."

The new annual dividend rate of $3.52 per share will yield 1.0% at a stock price of $348 for Vail Resorts. The next ex-dividend date for the quarterly dividend of 88 cents by MTN is October 4, 2021.

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 had paid a dividend every year since 2011 prior to the suspension announced in 2020 because of the COVID-19 pandemic.

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Ex-date Ticker Yield YTD hike
Oct 28 AOS 1.7% 7.7%
Oct 28 ZTS 0.5% 0.0%
Oct 28 COST 0.7% 12.9%
Oct 28 CARR 0.9% 0.0%
Oct 28 UNM 4.4% 5.3%
Oct 28 INFO 0.6% 17.6%
Oct 28 MS 2.8% 100.0%
Oct 28 NI 3.6% 4.8%
Oct 29 TXN 2.4% 12.7%
Oct 29 NRG 3.2% 8.3%