Vail Resorts, Inc.
MTNConsumer Cyclical · Resorts & Casinos · Stock · quarterly payer
Forward Yield
5.94%
Annual Dividend
$8.88
Payout Ratio
216%
5-Yr Growth
4.8%
Ex-Date
Oct 8, 2026
Frequency
Quarterly
Key facts about MTN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Vail Resorts, Inc. (MTN) has a forward dividend yield of 5.94%, based on an annual dividend of $8.88 per share and a share price of $149.40.
- As of Oct 27, 2026, MTN's dividend safety grade from SmarterDividends is C (62 out of 100), which rates the dividend as borderline.
- MTN has never cut its regular dividend in the payment history SmarterDividends has on record.
- MTN's most recent ex-dividend date was Oct 8, 2026, for a dividend of $2.22 per share.
- As of Oct 27, 2026, MTN pays out 216% of its trailing 12-month earnings as dividends (its payout ratio).
- MTN's dividend has grown at an average rate of 4.8% a year over the past five years.
- As of Oct 27, 2026, MTN's 5.94% yield is 68% above its five-year average yield of 3.54%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for MTN is $185.80 per share, 24% above the $149.40 share price, so MTN screens as undervalued.
- Vail Resorts, Inc. (MTN) pays its dividend quarterly, 4 times a year.
- Vail Resorts, Inc. (MTN) has raised its regular dividend 12 times and cut it 1 time across the 57 payments on record since 2011. Its most recent change was a 7.8% increase to $2.22 per share, going ex-dividend on Mar 27, 2024. The last cut went ex-dividend on Oct 4, 2021.
- Vail Resorts (MTN) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 7.8%, was declared on Mar 11, 2024.
Cite this page
SmarterDividends, "MTN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/MTN
Summary
As of Oct 27, 2026, Vail Resorts, Inc. (MTN) yields 5.94% ($8.88 a year per share) and has a dividend safety grade of C (62/100).
Is MTN a good dividend stock?
Yes, with caveatsVail Resorts, Inc. (MTN) pays a quarterly dividend yielding 5.94% ($8.88/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (216%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.94%
- Payout Ratio
- 216%
- Annual Dividend
- $8.88
- 5-Yr Avg Growth
- 4.8%
- Ex-Dividend Date
- Oct 8, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.77
- Market Cap
- $5.3B
- P/E Ratio
- 36.3
- 5-Yr Total Return
- -56%
- 52-Week Range
- $118.51 – $163.34
- Dividend Safety
- C · 62/100
- Ever Cut?
- No
MTN dividend raises and cuts
Vail Resorts, Inc. (MTN) has raised its regular dividend 12 times and cut it 1 time across the 57 payments on record since 2011. Its most recent change was a 7.8% increase to $2.22 per share, going ex-dividend on Mar 27, 2024. The last cut went ex-dividend on Oct 4, 2021.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 27, 2024 | Raise | $2.06 → $2.22 | +7.8% |
| Mar 24, 2023 | Raise | $1.91 → $2.06 | +7.9% |
| Mar 29, 2022 | Raise | $0.880 → $1.91 | +117.0% |
| Oct 4, 2021 | Cut | $1.76 → $0.880 | −50.0% |
| Mar 26, 2019 | Raise | $1.47 → $1.76 | +19.7% |
| Mar 26, 2018 | Raise | $1.05 → $1.47 | +39.6% |
| Mar 27, 2017 | Raise | $0.810 → $1.05 | +30.0% |
| Mar 24, 2016 | Raise | $0.623 → $0.810 | +30.0% |
| Mar 27, 2015 | Raise | $0.415 → $0.623 | +50.1% |
| Mar 28, 2014 | Raise | $0.208 → $0.415 | +99.5% |
| Dec 23, 2013 | Raise | $0.207 → $0.208 | +0.5% |
| Mar 21, 2013 | Raise | $0.188 → $0.207 | +10.1% |
Show all 13 changes since 2012
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 22, 2012 | Raise | $0.150 → $0.188 | +25.3% |
Frequently Asked Questions
Is MTN a good dividend stock?
Yes, with caveats. Vail Resorts, Inc. (MTN) pays a quarterly dividend yielding 5.94% ($8.88/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is MTN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MTN's fair value is about $185.80 versus a $149.40 share price — so it looks undervalued (+24% vs. fair value).
Is MTN's dividend safe?
MTN has a dividend-safety grade of C (62/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is MTN's fair value?
Our blended fair-value estimate for MTN is about $185.80 per share, roughly 24% above the current $149.40 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MTN a buy, hold, or sell?
We don't issue formal ratings, but on the data MTN screens as "yes, with caveats" and undervalued. Vail Resorts, Inc. (MTN) pays a quarterly dividend yielding 5.94% ($8.88/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will MTN cut its dividend?
MTN earns a dividend-safety grade of C (62/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MTN pay a dividend?
Yes. Vail Resorts, Inc. pays a quarterly dividend of about $8.88 per share annually, a forward yield of roughly 5.94%.
What is MTN's dividend yield?
As of Oct 27, 2026, MTN's forward dividend yield is 5.94%, based on a $8.88 annual dividend and a $149.40 share price.
What is MTN's dividend per share?
As of Oct 27, 2026, MTN pays $8.88 per share per year, distributed on a quarterly basis.
What is MTN's dividend payout ratio?
As of Oct 27, 2026, MTN's payout ratio is 216% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has MTN grown its dividend?
MTN does not currently have a long dividend-growth streak on record.
When is the next MTN ex-dividend date?
As of Oct 27, 2026, MTN's next ex-dividend date hasn't been announced. The most recent was Oct 8, 2026, for $2.22 per share.
MTN Price — Last 12 Months
Daily close
Price Return
1 Year
+5%
3 Years
-33%
5 Years
-56%
52-Week Range
$118.51 – $163.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MTN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Vail Resorts, Inc. is $185.80 per share, versus a market price of $149.40. That implies 24% of upside — a margin of safety of about 20%.
Fair Value
$185.80
Current Price
$149.40
Upside
+24%
Margin of Safety
20%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 9.1% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.1% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $4.12 EPS, $8.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MTN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MTN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 8, 2026 | Oct 27, 2026 | $2.2200 | regular |
| Jun 25, 2026 | Jul 9, 2026 | $2.2200 | regular |
| Mar 26, 2026 | Apr 9, 2026 | $2.2200 | regular |
| Dec 30, 2025 | Jan 12, 2026 | $2.2200 | regular |
| Oct 9, 2025 | Oct 27, 2025 | $2.2200 | regular |
| Jun 24, 2025 | Jul 9, 2025 | $2.2200 | regular |
| Mar 27, 2025 | Apr 10, 2025 | $2.2200 | regular |
| Dec 26, 2024 | Jan 9, 2025 | $2.2200 | regular |
| Oct 8, 2024 | Oct 24, 2024 | $2.2200 | regular |
| Jun 25, 2024 | Jul 10, 2024 | $2.2200 | regular |
| Mar 27, 2024 | Apr 11, 2024 | $2.2200 | regular |
| Dec 22, 2023 | Jan 9, 2024 | $2.0600 | regular |
| Oct 6, 2023 | Oct 26, 2023 | $2.0600 | regular |
| Jun 26, 2023 | Jul 12, 2023 | $2.0600 | regular |
Income Calculator
At $8.88 / yr per share
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