Monarch Casino & Resort, Inc. (MCRI) To Go Ex-Dividend on June 1st

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Monday, June 1st will be paid a dividend of 0.30 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st.

Monarch Casino & Resort has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Monarch Casino & Resort to earn $7.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.7%.

Monarch Casino & Resort Price Performance

Shares of Monarch Casino & Resort stock opened at $120.26 on Friday. Monarch Casino & Resort has a fifty-two week low of $82.15 and a fifty-two week high of $122.52. The firm has a market capitalization of $2.13 billion, a P/E ratio of 20.38 and a beta of 1.32. The company’s 50 day moving average price is $108.10 and its two-hundred day moving average price is $99.99.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.37. The firm had revenue of $136.55 million for the quarter, compared to analyst estimates of $128.49 million. Monarch Casino & Resort had a net margin of 19.62% and a return on equity of 19.98%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that Monarch Casino & Resort will post 7.07 earnings per share for the current year.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.