Golden Entertainment, Inc. (NASDAQ:GDEN) to Issue Quarterly Dividend of $0.25

Golden Entertainment, Inc. (NASDAQ:GDEN) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, December 22nd will be paid a dividend of 0.25 per share on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, December 22nd.

Golden Entertainment has a payout ratio of 120.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Golden Entertainment to earn $0.84 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 119.0%.

Golden Entertainment Price Performance

NASDAQ GDEN traded up $7.29 on Thursday, reaching $28.52. 3,060,952 shares of the company’s stock traded hands, compared to its average volume of 224,296. Golden Entertainment has a 12 month low of $19.57 and a 12 month high of $35.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.03. The stock has a 50-day simple moving average of $23.11 and a 200 day simple moving average of $26.20. The stock has a market cap of $746.03 million, a PE ratio of 52.82 and a beta of 1.67.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. As a group, research analysts predict that Golden Entertainment will post 0.2 earnings per share for the current year.

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.