{"id":464,"date":"2026-02-20T00:00:30","date_gmt":"2026-02-20T01:00:30","guid":{"rendered":"https:\/\/cerulepillar.com\/?p=464"},"modified":"2026-03-25T13:23:52","modified_gmt":"2026-03-25T13:23:52","slug":"boyd-gaming-back-with-another-dividend-hike","status":"publish","type":"post","link":"https:\/\/cerulepillar.com\/index.php\/2026\/02\/20\/boyd-gaming-back-with-another-dividend-hike\/","title":{"rendered":"Boyd Gaming Back with Another Dividend Hike"},"content":{"rendered":"<ul>\n<li><strong>Boyd Gaming is raising its quarterly dividend by more than 10%<\/strong><\/li>\n<li><strong>Marks fourth consecutive dividend hike<\/strong><\/li>\n<li><strong>Las Vegas locals segment underpins fundamental outlook<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Boyd Gaming (NYSE: BYD) said today it is boosting its quarterly dividend to 20 cents a share from 18, marking an increase of 11.11%.<\/p>\n<figure id=\"attachment_363463\" aria-describedby=\"caption-attachment-363463\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-363463 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Boyd Gaming, cyberattack, Las Vegas casinos, data breach, cybersecurity\" width=\"858\" height=\"506\" data-src=\"https:\/\/cerulepillar.com\/wp-content\/uploads\/2026\/02\/Fremont-858x506-1.jpg\"><figcaption>Boyd Gaming\u2019s Fremont Hotel &amp; Casino in downtown Las Vegas. The operator announced another dividend increase today. (Image: Shutterstock)<\/figcaption><\/figure>\n<p>The Las Vegas-based gaming company, runs 27 gaming venues across 11 states, said its board of directors approved the upped payout.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The dividend is payable April 15, 2026, to shareholders of record at the close of business on March 16, 2026,\u201d according to a statement issued by the Orleans operator.<\/p>\n<\/blockquote>\n<p>Boyd <a href=\"https:\/\/www.casino.org\/news\/boyd-gaming-partners-with-las-vegas-raiders-allegiant-stadium\/\">runs 10 gaming venues<\/a> in its home market, including Aliante, California, Cannery, Fremont, Gold Coast, Jokers Wild, Main Street Station, Sam\u2019s Town, Suncoast, and The Orleans. That figure is poised to grow to 11 next month when <a href=\"https:\/\/www.casino.org\/news\/new-southern-nevada-casino-set-to-open-next-month\/\">Cadence Crossing Casino<\/a> in Henderson, Nevada comes online. It also operates regional casinos in Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.<\/p>\n<h2>Boyd Balance Sheets Supports Payout Growth<\/h2>\n<p>Broadly speaking, the casino industry remains littered with low-yielding or non-dividend paying stocks, but there are some payout growth stories with Boyd being one.<\/p>\n<p>The regional casino operator, like many of its peers, suspended its payout to conserve capital during the coronavirus pandemic, bringing it back in 2022. Since then, Boyd has <a href=\"https:\/\/www.casino.org\/news\/boyd-gaming-boosting-dividend-by-nearly-6\/\">increased its payout four times<\/a>, including today\u2019s announcement.<\/p>\n<div class=\"callout\">\n<p>The prior two increases were each 6%, indicating today\u2019s announcement was above-average, potentially signaling confidence by Boyd management. Analysts say the casino company has the balance sheet strength to support shareholder rewards, including buybacks and dividends.<\/p>\n<\/div>\n<p><strong>\u201cIf investors need regional gaming exposure, BYD remains one of the most compelling names to own, in our opinion,\u201d said Stifel analyst Steven Wieczynski in a report out earlier this month. \u201cFlight to quality in this space seems to make the most sense to us. BYD continues to have a best-in-class balance sheet, growth opportunities and optionality with regard to their balance sheet.\u201d<\/strong><\/p>\n<p>He rates the stock a \u201chold\u201d with a $95 price target, which implies upside of more than 11% from today\u2019s closing price.<\/p>\n<h2>Boyd Has Right Las Vegas Exposure<\/h2>\n<p>While Boyd is the largest operator in downtown Las Vegas, it\u2019s not exposed to <a href=\"https:\/\/www.casino.org\/news\/mgm-stock-lands-modest-price-target-increase-on-vegas-optimism\/\">volatile Strip visitation<\/a> trends and outside of Las Vegas tourist areas, the company is one of the dominant names in the still vibrant Las Vegas locals segment.<\/p>\n<p><strong>In the fourth quarter, Boyd\u2019s strength in that segment and its ex-Nevada operations was on full display, picking up the slack for some of its more event\/tourist-dependent Las Vegas properties<\/strong>.<\/p>\n<p>\u201cManagement noted strength from local, drive-to customers remains broad-based across the brick-and-mortar portfolio, citing desire for closer-to-home entertainment options driving sustained growth,\u201d adds Wieczynski. \u201cExcluding the Orleans, which is more exposed to destination business, the Las Vegas locals segment would have delivered 2% year-over-year earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) growth in 4Q25.\u201d<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/boyd-gaming-back-with-another-dividend-hike\/\">Boyd Gaming Back with Another Dividend Hike<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boyd Gaming is raising its quarterly dividend by more than 10% Marks fourth consecutive dividend hike Las Vegas locals segment underpins fundamental outlook Boyd Gaming (NYSE: BYD) said today it is boosting its quarterly dividend to 20 cents a share from 18, marking an increase of 11.11%. Boyd Gaming\u2019s Fremont Hotel &amp; Casino in downtown&#8230;<\/p>\n","protected":false},"author":1,"featured_media":466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/464"}],"collection":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/comments?post=464"}],"version-history":[{"count":2,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/464\/revisions"}],"predecessor-version":[{"id":467,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/464\/revisions\/467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/media\/466"}],"wp:attachment":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/media?parent=464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/categories?post=464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/tags?post=464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}