Boyd Gaming Co. (BYD) to Issue Quarterly Dividend of $0.05 on January 15th

Boyd Gaming Co. (NYSE:BYD) declared a quarterly dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Thursday, December 28th will be given a dividend of 0.05 per share on Monday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, December 27th.

Boyd Gaming has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Boyd Gaming to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.5%.

Boyd Gaming (BYD) opened at $35.26 on Tuesday. Boyd Gaming has a twelve month low of $19.19 and a twelve month high of $35.88. The stock has a market capitalization of $3,965.80, a PE ratio of 33.90 and a beta of 1.81. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 2.95.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The business had revenue of $587.70 million for the quarter, compared to analysts’ expectations of $592.29 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. equities analysts forecast that Boyd Gaming will post 1.04 earnings per share for the current year.

Several analysts have weighed in on BYD shares. Stifel Nicolaus reaffirmed a “hold” rating on shares of Boyd Gaming in a research report on Thursday, December 21st. Nomura upped their price objective on Boyd Gaming to $42.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Deutsche Bank boosted their target price on shares of Boyd Gaming to $37.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. ValuEngine lowered Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded Boyd Gaming from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.13.

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About Boyd Gaming

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

Dividend History for Boyd Gaming (NYSE:BYD)

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