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

Boyd Gaming Corporation (NYSE:BYD) declared a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 15th will be given a dividend of 0.20 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, June 15th.

Boyd Gaming has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE BYD traded up $0.60 during trading hours on Friday, hitting $85.84. 52,173 shares of the company’s stock were exchanged, compared to its average volume of 929,953. Boyd Gaming has a 1-year low of $71.14 and a 1-year high of $89.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 3.76, a PEG ratio of 1.96 and a beta of 1.11. The company’s 50-day moving average price is $84.07 and its 200-day moving average price is $83.65.

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

Insider Transactions at Boyd Gaming

In other news, CFO Josh Hirsberg sold 23,924 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $85.86, for a total value of $2,054,114.64. Following the sale, the chief financial officer directly owned 435,746 shares in the company, valued at approximately $37,413,151.56. This represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William R. Boyd sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $84.84, for a total value of $2,545,200.00. Following the completion of the sale, the director owned 1,930,447 shares in the company, valued at approximately $163,779,123.48. This represents a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 173,454 shares of company stock worth $14,680,814. Insiders own 22.82% of the company’s stock.

Institutional Investors Weigh In On Boyd Gaming

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of Boyd Gaming by 23.0% in the 1st quarter. Blue Trust Inc. now owns 653 shares of the company’s stock valued at $54,000 after purchasing an additional 122 shares during the period. Assetmark Inc. grew its stake in shares of Boyd Gaming by 9.1% in the 1st quarter. Assetmark Inc. now owns 1,553 shares of the company’s stock valued at $128,000 after purchasing an additional 129 shares during the period. Optas LLC grew its stake in shares of Boyd Gaming by 4.1% in the 1st quarter. Optas LLC now owns 3,486 shares of the company’s stock valued at $286,000 after purchasing an additional 138 shares during the period. Alps Advisors Inc. grew its stake in shares of Boyd Gaming by 2.7% in the 3rd quarter. Alps Advisors Inc. now owns 5,384 shares of the company’s stock valued at $465,000 after purchasing an additional 141 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of Boyd Gaming by 24.5% in the 4th quarter. TD Private Client Wealth LLC now owns 854 shares of the company’s stock valued at $73,000 after purchasing an additional 168 shares during the period. 76.81% of the stock is currently owned by institutional investors.

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.