Las Vegas Sands Corp. (NYSE:LVS) Shareholders to Collect $0.30 Quarterly Dividend

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be paid a dividend of $0.30 per share by the casino operator on Tuesday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, November 2nd.

Las Vegas Sands has a dividend payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Las Vegas Sands to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.7%.

Las Vegas Sands Stock Down 1.7%

LVS traded down $0.64 during trading on Thursday, reaching $36.87. 2,621,334 shares of the stock traded hands, compared to its average volume of 5,072,178. The stock has a market cap of $23.88 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.78. Las Vegas Sands has a fifty-two week low of $35.03 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock’s 50-day simple moving average is $41.24 and its two-hundred day simple moving average is $46.86.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm earned $0.78 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LVS. Root Financial Partners LLC bought a new position in Las Vegas Sands during the third quarter worth $32,000. Quadrant Capital Group LLC boosted its holdings in Las Vegas Sands by 4.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 15,949 shares of the casino operator’s stock valued at $591,000 after purchasing an additional 618 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Las Vegas Sands by 5.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 283,492 shares of the casino operator’s stock valued at $10,719,000 after purchasing an additional 15,305 shares during the period. CWA Asset Management Group LLC grew its position in Las Vegas Sands by 11.5% in the 3rd quarter. CWA Asset Management Group LLC now owns 98,918 shares of the casino operator’s stock worth $3,740,000 after purchasing an additional 10,188 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in Las Vegas Sands in the 3rd quarter worth $489,000. 39.16% of the stock is owned by institutional investors.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.