Boyd Gaming Corporation (NYSE:BYD) Announces Quarterly Dividend of $0.20

Boyd Gaming Corporation (NYSE:BYD) declared a quarterly dividend on Thursday, August 13th. Investors of record on Tuesday, September 15th will be given a dividend of 0.20 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Boyd Gaming has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Boyd Gaming to earn $7.77 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.3%.

Boyd Gaming Stock Up 0.2%

Shares of NYSE:BYD opened at $83.17 on Friday. The business’s 50 day simple moving average is $86.74 and its two-hundred day simple moving average is $84.67. The firm has a market cap of $6.04 billion, a P/E ratio of 3.66, a PEG ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.74 and a current ratio of 0.77. Boyd Gaming has a 52-week low of $76.33 and a 52-week high of $91.41.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Boyd Gaming had a return on equity of 22.52% and a net margin of 44.34%.The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts forecast that Boyd Gaming will post 7.29 EPS for the current fiscal year.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.