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NEW YORK ( TheStreet) -- The ex-dividend date for Vail Resorts (NYSE: MTN) is tomorrow, October 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $38.99 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Vail has been 352,900 shares per day over the past 30 days. Vail has a market cap of $1.4 billion and is part of the services sector and leisure industry. Shares are down 25.7% year to date as of the close of trading on Wednesday. Vail Resorts, Inc., through its subsidiaries, engages in the operation of resorts in the United States. The company operates in three segments: Mountain, Lodging, and Real Estate. The company has a P/E ratio of 41.2, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.