Wynn Resorts, Limited (WYNN) to Issue Quarterly Dividend of $0.25 on November 30th

Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be paid a dividend of $0.25 per share by the casino operator on Monday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, November 16th.

Wynn Resorts has a payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wynn Resorts to earn $4.75 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.1%.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $83.11 on Friday. Wynn Resorts has a 1 year low of $70.79 and a 1 year high of $134.72. The stock has a fifty day moving average price of $80.68 and a two-hundred day moving average price of $97.68. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 0.93 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, November 5th. The casino operator reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19). Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that Wynn Resorts will post 4.26 EPS for the current year.

More Wynn Resorts News

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn said its Al Marjan Island resort in the UAE remains on track for a September 2027 opening. Continued progress may support its longer-term growth outlook, though the project requires substantial additional equity funding. Article: Wynn outlines remaining Al Marjan equity
• Positive Sentiment: The company declared a quarterly cash dividend of $0.25 per share, payable November 30 to shareholders of record November 16. Article: Wynn Resorts declares quarterly cash dividend
• Neutral Sentiment: Several analysts lowered price targets after the results but maintained positive ratings. Deutsche Bank kept Buy at $116; Macquarie retained Outperform at $128; Barclays and Wells Fargo maintained Overweight at $120 and $122, respectively. Other target cuts included Jefferies to $132 and Mizuho to $129. The ratings remain supportive, but the reductions reflect a more cautious outlook. Article: Deutsche Bank adjusts Wynn Resorts price target
• Negative Sentiment: Third-quarter revenue fell 7.9% year over year to $1.69 billion, missing estimates, and EPS of $0.33 also came in below expectations and was down from $0.86 a year earlier. Softer Macau gaming, unfavorable Las Vegas hold and Boston labor disruptions weighed on results, with declines reported across all four operating segments. Article: Wynn Resorts Q3 earnings miss estimates
• Negative Sentiment: Wynn is maintaining its UAE opening timetable amid war-related uncertainty, while the project’s rising investment and remaining equity needs add funding and execution risk. Article: Wynn holds UAE casino date amid war

About Wynn Resorts

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.