Golden Entertainment, Inc. (GDEN) To Go Ex-Dividend on March 21st

Golden Entertainment, Inc. (NASDAQ:GDEN) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Friday, March 21st will be paid a dividend of 0.25 per share on Wednesday, April 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, March 21st.

Golden Entertainment has a payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Golden Entertainment to earn $0.84 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 119.0%.

Golden Entertainment Price Performance

NASDAQ:GDEN opened at $27.18 on Wednesday. The firm’s fifty day moving average is $31.44 and its two-hundred day moving average is $31.66. The firm has a market cap of $720.57 million, a price-to-earnings ratio of 21.92 and a beta of 2.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. Golden Entertainment has a one year low of $25.17 and a one year high of $36.92.

Analysts Set New Price Targets

GDEN has been the topic of several analyst reports. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wells Fargo & Company began coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They set an “overweight” rating and a $38.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Macquarie restated an “outperform” rating and set a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 price objective on shares of Golden Entertainment in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Insiders Place Their Bets

In other news, Director Terrence Wright sold 16,586 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now directly owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.