Wynn Resorts, Limited (WYNN) to Issue Quarterly Dividend of $0.25 on May 29th

Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.25 per share by the casino operator on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, May 18th.

Wynn Resorts has a dividend payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wynn Resorts to earn $5.74 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 17.4%.

Wynn Resorts Stock Down 0.0%

Wynn Resorts stock opened at $95.42 on Friday. Wynn Resorts has a twelve month low of $82.63 and a twelve month high of $134.72. The firm has a 50 day moving average price of $102.78 and a 200-day moving average price of $113.39. The company has a market capitalization of $9.90 billion, a P/E ratio of 28.48, a P/E/G ratio of 0.85 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. Equities analysts expect that Wynn Resorts will post 4.8 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.