Golden Entertainment, Inc. (NASDAQ:GDEN – Get Free Report) 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.
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.
View Our Latest Stock Analysis on GDEN
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.
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