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

Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be paid a dividend of 0.25 per share by the casino operator on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th.

Wynn Resorts has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wynn Resorts to earn $5.29 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 18.9%.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $97.60 on Wednesday. The stock has a market cap of $10.13 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01. Wynn Resorts has a one year low of $92.52 and a one year high of $134.72. The stock has a fifty day moving average of $100.50 and a 200 day moving average of $103.95.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.Wynn Resorts’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. As a group, sell-side analysts predict that Wynn Resorts will post 4.49 EPS for the current fiscal year.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.