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

Golden Entertainment, Inc. (NASDAQ:GDEN) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.25 per share on Tuesday, July 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, June 14th.

Golden Entertainment has a dividend payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Golden Entertainment to earn $1.53 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 65.4%.

Golden Entertainment Stock Down 1.2 %

GDEN traded down $0.40 during mid-day trading on Friday, reaching $32.05. 89,782 shares of the stock were exchanged, compared to its average volume of 164,517. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The stock has a market capitalization of $927.82 million, a PE ratio of 3.92 and a beta of 2.26. The company has a 50 day moving average price of $34.00 and a two-hundred day moving average price of $36.41. Golden Entertainment has a 1 year low of $30.35 and a 1 year high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The company had revenue of $230.69 million during the quarter, compared to analysts’ expectations of $228.75 million. Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. As a group, research analysts anticipate that Golden Entertainment will post 1.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GDEN shares. B. Riley started coverage on Golden Entertainment in a research note on Friday, April 26th. They issued a “buy” rating and a $46.00 price objective on the stock. Truist Financial decreased their price target on Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. JMP Securities decreased their price target on Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.75.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.