Vail Resorts (MTN) will raise its quarterly dividend by 117 percent to $1.91 per share in 2022. Last year the mountain resorts operator reinstated its dividend.
The new annual dividend rate of $7.64 per share will yield 2.9% at a stock price of $263 for Vail Resorts. The next ex-dividend date for the quarterly dividend of $1.91 per share by MTN is March 29, 2022.
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.