Las Vegas Sands Corp. (LVS) to Issue Quarterly Dividend of $0.30 on February 18th

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.30 per share by the casino operator on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, February 9th. This is a 20.0% increase from Las Vegas Sands’s previous quarterly dividend of $0.25.

Las Vegas Sands has decreased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Las Vegas Sands has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Las Vegas Sands to earn $2.92 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 34.2%.

Las Vegas Sands Stock Performance

Shares of LVS opened at $52.71 on Friday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $35.64 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.46 and a beta of 0.97. The company’s 50 day simple moving average is $64.09 and its 200 day simple moving average is $58.04. Las Vegas Sands has a 1 year low of $30.18 and a 1 year high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, topping the consensus estimate of $0.77 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. Las Vegas Sands’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. On average, sell-side analysts predict that Las Vegas Sands will post 2.6 EPS for the current year.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.