Las Vegas Sands Corp. to Issue Quarterly Dividend of $0.20 (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) announced a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Shareholders of record on Tuesday, November 5th will be paid a dividend of 0.20 per share by the casino operator on Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 5th.

Las Vegas Sands has decreased its dividend by an average of 20.3% annually over the last three years. Las Vegas Sands has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Las Vegas Sands to earn $2.76 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 29.0%.

Las Vegas Sands Stock Up 2.8 %

Shares of NYSE LVS traded up $1.43 during mid-day trading on Thursday, hitting $52.47. 8,045,861 shares of the stock traded hands, compared to its average volume of 5,774,497. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a fifty day moving average price of $44.94 and a 200-day moving average price of $44.40. The company has a market cap of $39.09 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.48 and a beta of 1.12. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. Research analysts anticipate that Las Vegas Sands will post 2.45 EPS for the current year.

Analyst Ratings Changes

LVS has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Stifel Nicolaus raised their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday. Macquarie decreased their price target on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. StockNews.com downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten 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 an average price target of $57.92.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.

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