Golden Entertainment, Inc. (GDEN) To Go Ex-Dividend on December 20th

Golden Entertainment, Inc. (NASDAQ:GDEN) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.25 per share on Tuesday, January 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, December 20th.

Golden Entertainment has a dividend payout ratio of 112.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Golden Entertainment to earn $0.85 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 117.6%.

Golden Entertainment Stock Performance

NASDAQ:GDEN opened at $33.06 on Wednesday. The firm has a market cap of $906.80 million, a price-to-earnings ratio of 26.66 and a beta of 2.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $41.98. The firm’s fifty day moving average price is $31.96 and its 200 day moving average price is $31.14.

Insider Transactions at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now directly owns 82,740 shares in the company, valued at $2,756,896.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 29.10% of the company’s stock.

Analysts Set New Price Targets

GDEN has been the topic of a number of recent analyst reports. B. Riley dropped their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. JMP Securities lifted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. Truist Financial cut their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Macquarie dropped their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

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.