Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Wednesday, October 25th, RTT News reports. Shareholders of record on Thursday, December 21st will be paid a dividend of 0.73 per share by the casino operator on Friday, December 29th. This represents a $2.92 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, December 20th.

Las Vegas Sands has raised its dividend by an average of 27.2% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Las Vegas Sands has a dividend payout ratio of 101.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Las Vegas Sands to earn $2.98 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 98.0%.

Shares of Las Vegas Sands (NYSE:LVS) opened at $71.12 on Tuesday. The stock has a market capitalization of $55,724.89, a P/E ratio of 25.36 and a beta of 1.80. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. Las Vegas Sands has a 12-month low of $51.35 and a 12-month high of $71.60.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. equities analysts forecast that Las Vegas Sands will post 2.87 EPS for the current fiscal year.

LVS has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Sunday, September 3rd. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Friday, October 13th. Roth Capital initiated coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price for the company. Morgan Stanley upped their target price on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank upped their target price on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Las Vegas Sands presently has an average rating of “Buy” and an average price target of $65.62.

In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares of the company’s stock, valued at $434,436.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.10% of the stock is currently owned by corporate insiders.

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About Las Vegas Sands

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Dividend History for Las Vegas Sands (NYSE:LVS)

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