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

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.25 per share on Tuesday, January 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, December 20th.

Golden Entertainment has a payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Golden Entertainment to earn $1.06 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 94.3%.

Golden Entertainment Stock Up 4.6 %

Shares of GDEN traded up $1.43 during trading hours on Friday, hitting $32.21. The stock had a trading volume of 326,567 shares, compared to its average volume of 150,185. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $42.14. The firm has a market capitalization of $912.03 million, a P/E ratio of 25.98 and a beta of 2.24. The firm has a 50 day simple moving average of $31.02 and a 200-day simple moving average of $30.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The firm had revenue of $167.33 million for the quarter, compared to the consensus estimate of $176.34 million. Sell-side analysts predict that Golden Entertainment will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on GDEN shares. B. Riley lowered their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, September 23rd. Truist Financial lowered their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Macquarie lowered their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday. Finally, JMP Securities decreased their price target on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the sale, the director now owns 82,740 shares in the company, valued at $2,756,896.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.10% of the stock is owned by company insiders.

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.