Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance

Don't Race Out To Buy Vail Resorts, Inc. (NYSE:MTN) Just Because It's Going Ex-Dividend

Vail Resorts, Inc. (NYSE:MTN) is about to trade ex-dividend in the next 3 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Vail Resorts' shares on or after the 27th of March, you won't be eligible to receive the dividend, when it is paid on the 11th of April.

The company's next dividend payment will be US$2.22 per share. Last year, in total, the company distributed US$8.24 to shareholders. Last year's total dividend payments show that Vail Resorts has a trailing yield of 3.7% on the current share price of US$221.50. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for Vail Resorts