Boyd Gaming Corporation (BYD) To Go Ex-Dividend on June 15th

Boyd Gaming Corporation (NYSE:BYD) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be given a dividend of 0.20 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 15th.

Boyd Gaming has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Boyd Gaming to earn $7.80 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.3%.

Boyd Gaming Price Performance

NYSE BYD opened at $87.33 on Friday. Boyd Gaming has a 52 week low of $73.00 and a 52 week high of $89.96. The firm has a market capitalization of $6.49 billion, a P/E ratio of 3.83, a PEG ratio of 2.02 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $84.54 and a 200-day moving average price of $84.17.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.16). Boyd Gaming had a net margin of 44.84% and a return on equity of 25.63%. The business had revenue of $997.36 million for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $1.62 EPS. Boyd Gaming’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts anticipate that Boyd Gaming will post 7.32 earnings per share for the current year.

Boyd Gaming announced that its board has approved a stock buyback plan on Thursday, April 23rd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.