Wynn Resorts, Limited (WYNN) to Issue Quarterly Dividend of $0.25 on March 4th

Wynn Resorts, Limited (NASDAQ:WYNN) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Monday, February 23rd will be paid a dividend of 0.25 per share by the casino operator on Wednesday, March 4th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, February 23rd.

Wynn Resorts has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Wynn Resorts to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 18.6%.

Wynn Resorts Stock Down 0.4%

Shares of WYNN traded down $0.48 during midday trading on Friday, hitting $114.87. The company’s stock had a trading volume of 1,358,765 shares, compared to its average volume of 1,622,440. Wynn Resorts has a one year low of $65.25 and a one year high of $134.72. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 13.64 and a beta of 1.06. The company’s fifty day simple moving average is $117.41 and its two-hundred day simple moving average is $120.33.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Wynn Resorts had a net margin of 4.59% and a negative return on equity of 38.04%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.42 earnings per share. On average, research analysts predict that Wynn Resorts will post 5.17 earnings per share for the current year.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.