On Friday analysts at UBS downgraded casino operator Wynn
Resorts, Limited (
) as it sees no major catalysts for growth in the company and
The analysts downgraded WYNN from "Buy" to "Neutral" with a
price target of $118. The new target is a +3.3% upside from
Thursday's closing price of $114.22.
Wynn Resorts shares were down $1.66, or -1.45%, in premarket
trading on Friday. The stock is up +3.38% year-to-date.
Wynn Resorts is an owner and operator of casino hotel resorts in
Las Vegas, Nevada and Macau. In the most recent quarter, WYNN
reported a profit of $112 million on revenue of about $1.3
Wynn Resorts Dividend in Focus
Wynn has paid out a
dividend of $2.00 per share over the past 12
, plus a special dividend of $7.50 per share in November of 2012.
This dividend payout represents a 1.75% dividend yield based on
Thursday's closing price of $114.22. The company has announced that
it plans to double its quarterly dividend distribution to $1.00 per
share beginning in 2013. Wynn's last dividend was a regular 50 cent
per share distribution and the $7.50 per share special dividend
that was paid on November 20, 2012 (view the Dividend.com
for information on all upcoming ex-dividend dates).
Recent Wynn dividends include:
June 4, 2012:
August 14, 2012:
November 20, 2012:
November 20, 2012:
Wynn has been paying the same dividend per quarter since April
of 2011. The company is only a decade old and has a relatively
short and inconsistent dividend payout history. In 2011 Wynn's
dividend payout ratio was 30.4%.
Wynn Resorts vs. the Competition
Dividend.com has identified a few stocks that are related to
Wynn Resorts. Keep in mind that there are not many publicly owned
direct competitors to Wynn Resorts. A few related companies include
Las Vegas Sands (
), Ameristar Casino (
), and Royal Caribbean Cruises, Ltd. (
). All of these companies have a dividend yield around 2%.
||Las Vegas Sands
||Royal Caribbean Cruises, Ltd.
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Wynn Resorts, Limited (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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