Golden Entertainment, Inc. Declares Quarterly Dividend of $0.25 (NASDAQ:GDEN)

Golden Entertainment, Inc. (NASDAQ:GDEN) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Tuesday, September 17th will be paid a dividend of 0.25 per share on Wednesday, October 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Tuesday, September 17th.

Golden Entertainment has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Golden Entertainment to earn $1.22 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 82.0%.

Golden Entertainment Stock Performance

GDEN opened at $32.58 on Monday. The company has a market cap of $922.67 million, a price-to-earnings ratio of 3.51 and a beta of 2.23. The company’s fifty day moving average price is $30.74 and its two-hundred day moving average price is $31.72. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $42.14. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. On average, analysts expect that Golden Entertainment will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Macquarie dropped their price objective on Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JMP Securities cut their target price on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial dropped their price target on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.40.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.