Golden Entertainment, Inc. (NASDAQ:GDEN) to Issue $0.25 Quarterly Dividend

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.25 per share on Tuesday, July 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, June 14th.

Golden Entertainment has a dividend payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Golden Entertainment to earn $1.53 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 65.4%.

Golden Entertainment Stock Down 2.2 %

NASDAQ GDEN traded down $0.70 during trading hours on Friday, hitting $31.75. The company had a trading volume of 245,620 shares, compared to its average volume of 166,249. The firm's 50 day moving average is $34.00 and its 200 day moving average is $36.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.35 and a quick ratio of 2.30. Golden Entertainment has a fifty-two week low of $30.35 and a fifty-two week high of $47.49. The company has a market capitalization of $919.13 million, a price-to-earnings ratio of 3.92 and a beta of 2.26.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). The company had revenue of $230.69 million during the quarter, compared to analysts' expectations of $228.75 million. Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. Sell-side analysts anticipate that Golden Entertainment will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on GDEN. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday. Truist Financial lowered their target price on Golden Entertainment from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. B. Riley started coverage on Golden Entertainment in a research note on Friday, April 26th. They issued a "buy" rating and a $46.00 price target on the stock. Finally, JMP Securities lowered their price objective on Golden Entertainment from $48.00 to $45.00 and set a "market outperform" rating for the company in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Golden Entertainment has a consensus rating of "Moderate Buy" and an average target price of $42.75.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.