Las Vegas Sands Corp. Declares Quarterly Dividend of $0.25 (NYSE:LVS)

Key Points

• Las Vegas Sands Corp. has declared a quarterly dividend of $0.25 per share, to be paid on November 12th to stockholders of record as of November 4th, reflecting an annualized dividend yield of 2.0%.
• The company reported earnings of $0.78 per share for the quarter, significantly exceeding analysts' expectations, along with a 24.2% increase in revenue year-over-year.
• Las Vegas Sands has a strong financial position with a dividend payout ratio of 35.1%, indicating that it can comfortably cover its dividends with earnings.

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Tuesday, November 4th will be paid a dividend of 0.25 per share by the casino operator on Wednesday, November 12th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, November 4th.

Las Vegas Sands has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.1%

Shares of LVS opened at $50.55 on Thursday. Las Vegas Sands has a twelve month low of $30.18 and a twelve month high of $58.05. The company has a market cap of $34.70 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The company's fifty day simple moving average is $53.23 and its 200-day simple moving average is $46.37.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, analysts expect that Las Vegas Sands will post 2.6 EPS for the current year.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.

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