BOYD GAMING ANNOUNCES ADDITIONAL $500 MILLION SHARE REPURCHASE AUTHORIZATION

Rhea-AI Summary

Boyd Gaming (NYSE: BYD) announced an additional $500 million share repurchase authorization by its Board of Directors. This brings the total remaining repurchase authority to approximately $843 million as of September 30, 2024.

Additionally, Boyd Gaming declared a quarterly cash dividend of $0.17 per share, payable on January 15, 2025, to shareholders of record as of December 16, 2024.

Founded in 1975, Boyd Gaming operates 28 gaming entertainment properties in 10 states, manages a tribal casino in Northern California, and owns Boyd Interactive, an online casino gaming business. The company also holds a 5% equity stake in FanDuel Group, a leading sports-betting operator.

Positive

• Additional $500 million share repurchase authorization, increasing total repurchase authority to $843 million.
• Quarterly cash dividend of $0.17 per share, providing direct returns to shareholders.

Negative

• None.

Company Declares Quarterly Dividend of $0.17 Per Share

LAS VEGAS, Dec. 5, 2024 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today announced that its Board of Directors has authorized an additional $500 million under the Company's share repurchase program.

Considering the additional authorization, the Company had approximately $843 million remaining in repurchase authority as of September 30, 2024.

Additionally, the Board of Directors has declared a quarterly cash dividend of $0.17 per share, payable January 15, 2025, to shareholders of record as of December 16, 2024.

About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation's leading sports-betting operator. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering guests an outstanding entertainment experience and memorable customer service.  Through a long-standing company philosophy called Caring the Boyd Way, Boyd Gaming is committed to advancing Corporate Social Responsibility (CSR) initiatives that positively impact the Company's stakeholders and communities.  For additional Company information and press releases, visit https://investors.boydgaming.com.

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SOURCE Boyd Gaming Corporation

FAQ

What is the new share repurchase authorization amount for Boyd Gaming (BYD)?

Boyd Gaming's Board of Directors has authorized an additional $500 million for share repurchases.

How much is Boyd Gaming's total remaining repurchase authority?

Boyd Gaming's total remaining repurchase authority is approximately $843 million as of September 30, 2024.

What is the declared quarterly dividend for Boyd Gaming (BYD)?

Boyd Gaming declared a quarterly cash dividend of $0.17 per share.

When is Boyd Gaming's next dividend payment date?

Boyd Gaming's next dividend payment date is January 15, 2025.

What is the record date for Boyd Gaming's upcoming dividend?

The record date for Boyd Gaming's upcoming dividend is December 16, 2024.