Las Vegas Sands Corp. (LVS) to Issue Quarterly Dividend of $0.30 on November 10th

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be paid a dividend of $0.30 per share by the casino operator on Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, November 2nd.

Las Vegas Sands has a dividend payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Las Vegas Sands to earn $3.07 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 39.1%.

Las Vegas Sands Price Performance

LVS stock opened at $36.92 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.83 and a debt-to-equity ratio of 15.27. The business has a 50 day moving average price of $39.94 and a 200 day moving average price of $49.04. The stock has a market cap of $23.15 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.86 and a beta of 0.78. Las Vegas Sands has a fifty-two week low of $35.03 and a fifty-two week high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14). The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a return on equity of 177.43% and a net margin of 11.85%. Las Vegas Sands’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities research analysts anticipate that Las Vegas Sands will post 2.86 earnings per share for the current fiscal year.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.