Boyd Gaming Corporation announced its quarterly dividend has seen an increase. Boyd said their Board of Directors increased the quarterly dividend by $.07 per share.
This is a $0.01 increase compared to the previous quarter’s share. Boyd also said that shareholders who are on record at the close of business on June 17 will receive the increase on July 15.
Boyd Gaming was established in 1975. They have been a diversified operator since their launch of more than 28 gaming properties in ten different states. The company prides itself on offering their guests and players a remarkable gaming and entertainment experience at every one of their venues. In total, they operate more than 1.76 million square feet of casino space.
Boyd Gaming’s Chief Executive Officer and President, Keith Smith released the following comment regarding the increased quarterly dividend saying, “We are pleased that continued strength in our operational results and contributions from our recent acquisitions allow us to increase our dividend for the second consecutive year.”
They added, “Our robust and growing free cash flow gives us the ability to continue pursuing a balanced approach to creating shareholder value through investments in accretive growth opportunities, deleveraging, share repurchases and dividends.”