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

Golden Entertainment, Inc. (NASDAQ:GDEN) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, March 18th will be given a dividend of 0.25 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 18th.

Golden Entertainment has a dividend 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. Equities 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 Stock Performance

Shares of NASDAQ GDEN opened at $27.60 on Monday. The stock’s fifty day simple moving average is $27.99 and its 200 day simple moving average is $26.41. The stock has a market capitalization of $723.12 million, a price-to-earnings ratio of -110.40 and a beta of 1.41. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.01. Golden Entertainment has a 52-week low of $19.57 and a 52-week high of $32.74.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Friday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.12). Golden Entertainment had a negative net margin of 0.95% and a positive return on equity of 0.51%. The company had revenue of $155.63 million for the quarter, compared to analysts’ expectations of $166.61 million. As a group, sell-side analysts forecast that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.