Boyd Gaming Corporation (NYSE:BYD) to Issue Quarterly Dividend of $0.18

Boyd Gaming Corporation (NYSE:BYD) announced a quarterly dividend on Thursday, December 4th. Investors of record on Monday, December 15th will be paid a dividend of 0.18 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, December 15th.

Boyd Gaming has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Boyd Gaming has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Boyd Gaming to earn $7.10 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 10.1%.

Boyd Gaming Price Performance

Shares of NYSE BYD opened at $81.34 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $81.92 and its two-hundred day moving average price is $81.32. The company has a market cap of $6.35 billion, a PE ratio of 3.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. Boyd Gaming has a twelve month low of $58.94 and a twelve month high of $88.49.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. Boyd Gaming had a return on equity of 34.63% and a net margin of 46.02%.The business had revenue of $707.32 million for the quarter. On average, analysts predict that Boyd Gaming will post 6.52 EPS for the current year.

Insider Transactions at Boyd Gaming

In related news, Director William R. Boyd sold 20,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the sale, the director owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 27.94% of the stock is owned by corporate insiders.

Institutional Trading of Boyd Gaming

Several large investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Boyd Gaming by 219.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock worth $29,000 after purchasing an additional 255 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 56.8% during the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 196 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Boyd Gaming during the 2nd quarter worth approximately $39,000. True Wealth Design LLC increased its stake in Boyd Gaming by 162.1% in the third quarter. True Wealth Design LLC now owns 532 shares of the company’s stock valued at $46,000 after acquiring an additional 329 shares during the last quarter. Finally, SJS Investment Consulting Inc. acquired a new position in Boyd Gaming during the third quarter valued at approximately $48,000. 76.81% of the stock is owned by institutional investors and hedge funds.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.