- Boyd Gaming is elevating its quarterly dividend by greater than 10%
- Marks fourth consecutive dividend hike
- Las Vegas locals phase underpins basic outlook
Boyd Gaming (NYSE: BYD) mentioned right this moment it’s boosting its quarterly dividend to twenty cents a share from 18, marking a rise of 11.11%.
Boyd Gaming’s Fremont Resort & On line casino in downtown Las Vegas. The operator introduced one other dividend enhance right this moment. (Picture: Shutterstock)
The Las Vegas-based gaming firm, runs 27 gaming venues throughout 11 states, mentioned its board of administrators authorised the upped payout.
The dividend is payable April 15, 2026, to shareholders of document on the shut of enterprise on March 16, 2026,” based on a press release issued by the Orleans operator.
Boyd runs 10 gaming venues in its house market, together with Aliante, California, Cannery, Fremont, Gold Coast, Jokers Wild, Most important Road Station, Sam’s City, Suncoast, and The Orleans. That determine is poised to develop to 11 subsequent month when Cadence Crossing On line casino in Henderson, Nevada comes on-line. It additionally operates regional casinos in Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
Boyd Steadiness Sheets Helps Payout Progress
Broadly talking, the on line casino business stays plagued by low-yielding or non-dividend paying shares, however there are some payout development tales with Boyd being one.
The regional on line casino operator, like a lot of its friends, suspended its payout to preserve capital through the coronavirus pandemic, bringing it again in 2022. Since then, Boyd has elevated its payout 4 instances, together with right this moment’s announcement.
The prior two will increase had been every 6%, indicating right this moment’s announcement was above-average, doubtlessly signaling confidence by Boyd administration. Analysts say the on line casino firm has the steadiness sheet power to assist shareholder rewards, together with buybacks and dividends.
“If traders want regional gaming publicity, BYD stays one of the vital compelling names to personal, in our opinion,” mentioned Stifel analyst Steven Wieczynski in a report out earlier this month. “Flight to high quality on this area appears to take advantage of sense to us. BYD continues to have a best-in-class steadiness sheet, development alternatives and optionality with regard to their steadiness sheet.”
He charges the inventory a “maintain” with a $95 value goal, which suggests upside of greater than 11% from right this moment’s closing value.
Boyd Has Proper Las Vegas Publicity
Whereas Boyd is the biggest operator in downtown Las Vegas, it’s not uncovered to unstable Strip visitation developments and outdoors of Las Vegas vacationer areas, the corporate is among the dominant names within the nonetheless vibrant Las Vegas locals phase.
Within the fourth quarter, Boyd’s power in that phase and its ex-Nevada operations was on full show, selecting up the slack for a few of its extra occasion/tourist-dependent Las Vegas properties.
“Administration famous power from native, drive-to clients stays broad-based throughout the brick-and-mortar portfolio, citing want for closer-to-home leisure choices driving sustained development,” provides Wieczynski. “Excluding the Orleans, which is extra uncovered to vacation spot enterprise, the Las Vegas locals phase would have delivered 2% year-over-year earnings earlier than curiosity, taxes, depreciation, amortization, and restructuring or lease prices (EBITDAR) development in 4Q25.”
