Red Rock Resorts, Inc. (RRR) to Distribute Quarterly Dividend of $0.26 on September 30th

Red Rock Resorts, Inc. (NASDAQ:RRR) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.26 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Red Rock Resorts has increased its dividend by an average of 0.8%annually over the last three years. Red Rock Resorts has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Red Rock Resorts to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 57.8%.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock opened at $55.90 on Friday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 4.59 and a beta of 1.31. The company has a debt-to-equity ratio of 12.33, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a 50 day moving average price of $61.76 and a 200-day moving average price of $59.14. Red Rock Resorts has a one year low of $50.52 and a one year high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.16. The company had revenue of $510.26 million for the quarter, compared to analyst estimates of $500.08 million. Red Rock Resorts had a return on equity of 56.19% and a net margin of 8.43%.Red Rock Resorts’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Equities analysts expect that Red Rock Resorts will post 1.54 EPS for the current year.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming and entertainment company based in Las Vegas, Nevada. Through its subsidiary Station Casinos, the company owns and operates casino resorts, hotel properties, and neighborhood casinos, with a primary focus on the Southern Nevada market.

Its properties offer casino gaming, hotel accommodations, restaurants, bars, entertainment venues, meeting and event spaces, and other amenities. The portfolio includes Red Rock Casino Resort & Spa, Green Valley Ranch Resort Spa and Casino, Durango Casino & Resort, Palace Station, Boulder Station, Sunset Station, Santa Fe Station, and a number of Wildfire casino locations.