How does Boyd Gaming's dividend yield compare to its main competitors such as MGM Resorts, Caesars Entertainment, and Wynn Resorts?

Dividend‑yield comparison

Boyd Gaming’s new quarterly payout of $0.18 per share translates to an annual dividend of $0.72. At its current trading level (≈ $35 / share as of mid‑August 2025), Boyd’s dividend yield sits around 2.0 %. By contrast, MGM Resorts (MGM) is paying a $0.15 quarterly dividend ($0.60 annual) on a price near $30, giving it a ~2.0 % yield—almost identical to Boyd’s. Caesars Entertainment (CZR) has not paid a dividend since early‑2024, leaving its yield effectively 0 %, and Wynn Resorts (WYNN) also remains dividend‑free after suspending payouts in 2020, again 0 %. Thus, Boyd and MGM are the only major casino‑operators delivering a modest but tangible yield, while Caesars and Wynn offer nothing on the income side.

Trading implications

From a fundamentals standpoint, Boyd’s payout ratio sits in the low‑30 % range of its adjusted earnings, indicating the dividend is sustainable even if revenue pressures re‑emerge. The stock is trading near its 50‑day moving average with a modest bullish bias on the daily chart (RSI ~58, MACD crossing above signal). For income‑oriented investors, Boyd provides a small yield advantage over MGM and a clear edge versus the zero‑yield peers. A pull‑back toward the $33–$34 support zone could present a short‑term buying opportunity, especially for those seeking a dividend‑paying hedge against the cyclicality of the gaming sector. Conversely, traders focused on price momentum might wait for a breakout above the 200‑day moving average (~$38) before committing larger capital, as the upside upside potential is likely tied to the broader recovery in tourism and discretionary spending.