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

Key Points

• Wynn Resorts declared a quarterly dividend of $0.25 per share, which will be paid on August 29th to stockholders of record by August 18th, reflecting a dividend yield of 0.9%.
• The company reported earnings of $1.09 per share for the last quarter, missing expectations by $0.11, though quarterly revenue increased by 0.6% year-over-year.
• Wynn Resorts maintains a low payout ratio of 18.1%, indicating its dividend is well-covered by earnings, and future earnings projections suggest continued sustainability of the dividend.

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.25 per share by the casino operator on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%.

Wynn Resorts has a payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.0%

Shares of NASDAQ:WYNN traded up $0.02 during mid-day trading on Thursday, reaching $107.23. The company had a trading volume of 2,010,478 shares, compared to its average volume of 1,680,140. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.96 and a beta of 1.41. The company's 50-day moving average price is $99.48 and its 200-day moving average price is $89.55. Wynn Resorts has a one year low of $65.25 and a one year high of $112.36.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.11). Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. Wynn Resorts's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. On average, research analysts anticipate that Wynn Resorts will post 5.17 EPS for the current fiscal year.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

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