Wynn Resorts, Limited Declares Quarterly Dividend of $0.25 (NASDAQ:WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Thursday, February 5th. Investors 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 payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities 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%

Wynn Resorts stock traded down $0.48 during mid-day trading on Friday, reaching $114.87. 1,358,765 shares of the company’s stock were exchanged, compared to its average volume of 1,622,440. The business’s fifty day simple moving average is $117.41 and its 200 day simple moving average is $120.33. Wynn Resorts has a one year low of $65.25 and a one year high of $134.72. The firm has a market capitalization of $11.94 billion, a PE ratio of 38.29, a P/E/G ratio of 13.64 and a beta of 1.06.

Wynn Resorts (NASDAQ:WYNN) last issued 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). Wynn Resorts had a negative return on equity of 38.04% and a net margin of 4.59%.The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm posted $2.42 earnings per share. Wynn Resorts’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts forecast 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.