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

Boyd Gaming Corporation (NYSE:BYD) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.20 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis 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. Equities 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

Shares of NYSE BYD opened at $85.22 on Friday. Boyd Gaming has a twelve month low of $71.14 and a twelve month high of $89.96. The stock’s 50 day moving average price is $84.07 and its 200-day moving average price is $83.65. The company has a market capitalization of $6.33 billion, a PE ratio of 3.74, a PEG ratio of 1.96 and a beta of 1.11. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.90.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.16). The company had revenue of $997.36 million during the quarter, compared to the consensus estimate of $1.04 billion. Boyd Gaming had a return on equity of 25.63% and a net margin of 44.84%.The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. On average, equities analysts anticipate that Boyd Gaming will post 7.33 EPS for the current year.

Boyd Gaming announced that its board has approved a share repurchase program on Thursday, April 23rd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is 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.