Boyd Gaming Corporation Declares Quarterly Dividend of $0.20 (NYSE:BYD)

Boyd Gaming Corporation (NYSE:BYD) declared a quarterly dividend on Thursday, August 13th. Investors of record on Tuesday, September 15th will be given a dividend of 0.20 per share on Thursday, October 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Boyd Gaming has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Boyd Gaming to earn $7.77 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

BYD opened at $83.17 on Friday. Boyd Gaming has a fifty-two week low of $76.33 and a fifty-two week high of $91.41. The firm has a 50-day moving average of $86.74 and a 200 day moving average of $84.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.74 and a current ratio of 0.77. The firm has a market cap of $6.04 billion, a P/E ratio of 3.66, a PEG ratio of 2.03 and a beta of 1.08.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.52%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. On average, research analysts expect that Boyd Gaming will post 7.29 EPS for the current year.

Boyd Gaming declared that its board has authorized a share buyback plan on Thursday, April 23rd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback plans are often 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.