Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.25 per share on Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, December 16th.
Red Rock Resorts has raised its dividend payment by an average of 115.4% per year over the last three years. Red Rock Resorts has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Red Rock Resorts to earn $1.99 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 50.3%.
Red Rock Resorts Stock Down 4.3 %
RRR traded down $2.39 during midday trading on Friday, reaching $53.27. The company’s stock had a trading volume of 2,809,556 shares, compared to its average volume of 475,884. Red Rock Resorts has a 1 year low of $40.22 and a 1 year high of $63.28. The stock’s 50-day moving average is $53.71 and its 200-day moving average is $53.96. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 5.96 and a beta of 2.04. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 15.15.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Red Rock Resorts
Red Rock Resorts Company Profile
Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.
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