Golden Entertainment, Inc. (NASDAQ:GDEN) Declares $0.25 Quarterly Dividend

Golden Entertainment, Inc. (NASDAQ:GDEN) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.25 per share on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, December 22nd.

Golden Entertainment has a payout ratio of 120.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Golden Entertainment to earn $0.84 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 119.0%.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock traded up $7.29 on Thursday, reaching $28.52. The stock had a trading volume of 3,060,952 shares, compared to its average volume of 224,296. Golden Entertainment has a 1 year low of $19.57 and a 1 year high of $35.49. The company has a market cap of $746.03 million, a P/E ratio of 52.82 and a beta of 1.67. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $23.11 and its two-hundred day moving average is $26.20.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). Golden Entertainment had a return on equity of 3.23% and a net margin of 2.35%. As a group, research analysts anticipate that Golden Entertainment will post 0.2 EPS for the current year.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.