Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Declares Quarterly Dividend of $0.30

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) declared a quarterly dividend on Monday, July 20th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.30 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

Monarch Casino & Resort has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.1%

Monarch Casino & Resort stock opened at $124.38 on Tuesday. The business’s 50-day simple moving average is $124.41 and its 200 day simple moving average is $107.60. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 21.08 and a beta of 1.29. Monarch Casino & Resort has a 12-month low of $88.13 and a 12-month high of $135.93.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Monday, July 20th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.11. Monarch Casino & Resort had a return on equity of 19.98% and a net margin of 19.62%.The firm had revenue of $142.60 million during the quarter, compared to analysts’ expectations of $142.51 million. As a group, sell-side analysts expect that Monarch Casino & Resort will post 7.07 EPS 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.