Boyd Gaming Corporation (BYD) to Issue Quarterly Dividend of $0.20 on April 15th

Boyd Gaming Corporation (NYSE:BYDGet Free Report) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.20 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 16th. This is a 11.1% increase from Boyd Gaming’s previous quarterly dividend of $0.18.

Boyd Gaming has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Boyd Gaming to earn $7.10 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 11.3%.

Boyd Gaming Trading Up 0.4%

BYD opened at $81.62 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 3.59, a PEG ratio of 1.71 and a beta of 1.20. Boyd Gaming has a 12 month low of $58.94 and a 12 month high of $89.96. The stock has a fifty day moving average price of $84.44 and a 200-day moving average price of $83.70.

Boyd Gaming (NYSE:BYDGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.33. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Boyd Gaming had a return on equity of 30.14% and a net margin of 45.05%.The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 earnings per share. As a group, equities research analysts anticipate that Boyd Gaming will post 6.52 earnings per share for the current fiscal year.

About Boyd Gaming

(Get Free Report)

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.

See Also

Dividend History for Boyd Gaming (NYSE:BYD)

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