oyd Gaming Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share, payable January 15, 2019, to shareholders of record at the close of business on December 28, 2018.
Boyd Gaming has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Boyd Gaming to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 13.3%.
Shares of BYD stock opened at $23.75 on Friday. The stock has a market capitalization of $2.73 billion, a PE ratio of 19.98, a PEG ratio of 1.22 and a beta of 1.95. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.37 and a quick ratio of 1.33. Boyd Gaming has a one year low of $22.30 and a one year high of $40.44.
Several analysts have recently commented on BYD shares. Jefferies Financial Group upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, August 14th. ValuEngine downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Desjardins initiated coverage on shares of Boyd Gaming in a report on Friday, October 19th. They set a “buy” rating for the company. Bank of America restated a “buy” rating and set a $37.00 price objective on shares of Boyd Gaming in a report on Tuesday, October 16th. Finally, Zacks Investment Research restated a “hold” rating and set a $28.00 price objective on shares of Boyd Gaming in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Boyd Gaming has a consensus rating of “Buy” and an average target price of $38.67.