Boyd Gaming Corporation (BYD) To Go Ex-Dividend on March 16th

Boyd Gaming Corporation (NYSE:BYD) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 16th will be given a dividend of 0.20 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 16th. This is a 11.1% increase from Boyd Gaming’s previous quarterly dividend of $0.18.

Boyd Gaming has a payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Equities 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

NYSE:BYD opened at $86.25 on Friday. Boyd Gaming has a 52 week low of $58.94 and a 52 week high of $89.96. The stock’s fifty day moving average is $85.36 and its two-hundred day moving average is $83.78. The company has a market capitalization of $6.74 billion, a P/E ratio of 3.79, a P/E/G ratio of 1.79 and a beta of 1.24. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.71.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.33. Boyd Gaming had a return on equity of 33.49% and a net margin of 45.05%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.96 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts expect that Boyd Gaming will post 6.52 EPS for the current year.

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.