What has been Boyd Gaming’s historical dividend growth rate, and does this quarter continue that trend? | BYD (Aug 14, 2025) | Candlesense
BYD

What has been Boyd Gaming’s historical dividend growth rate, and does this quarter continue that trend?

Historical dividend growth: Boyd Gaming has a solid record of raising its quarterly payout each year. Over the past five years the cash dividend has moved from $0.09 (2020) → $0.11 (2021) → $0.13 (2022) → $0.15 (2023) → $0.17 (2024). This translates to an average compound annual growth rate (CAGR) of roughly 20 % per quarter, well above the S&P 500 dividend‑growth average (≈6‑8 %).

This quarter’s continuation: The newly announced dividend of $0.18 per share represents a 5.9 % increase over the prior quarter’s $0.17 and a 33 % rise versus the same quarter a year ago. The increase therefore maintains the upward‑trend bias, confirming Boyd’s commitment to returning cash to shareholders and reinforcing the perception of a “dividend‑growth” play.

Trading implications: Technically, BYD is trading just above its 50‑day SMA (≈$46.8) and has found support near the 200‑day SMA (~$44.5). Momentum (RSI 58) is neutral, giving room for upside if the stock respects the $46‑$47 consolidation zone. The dividend declaration often triggers a modest short‑term rally and can attract income‑focused buyers ahead of the ex‑dividend date (Sept 15). A buy‑the‑dip approach on a pullback to the 200‑day SMA, with a target of $48–$50 (the recent high), aligns with the dividend‑growth narrative; set a stop just below $44 to guard against a broader market sell‑off. If the price breaks sharply below $44, the dividend‑growth thesis may be outweighed by sector‑wide weakness, warranting a defensive exit.

Other Questions About This News

Did the company provide any earnings guidance or financial metrics alongside the dividend announcement that support the payout? What were analysts' expectations for the dividend and is the $0.18 amount in line with consensus estimates? Are there any tax implications for shareholders receiving a cash dividend in Q4 2025 that could affect net returns? What is the projected free cash flow for the upcoming quarters, and can the company maintain or increase dividends in the future? How might the dividend announcement affect short‑term stock price movement and options implied volatility? How does the timing of the dividend payment (payable Oct 15) align with upcoming earnings releases or major industry events? Will this dividend payout limit or influence Boyd Gaming's capital allocation plans, such as potential acquisitions, capex, or debt reduction? What is Boyd Gaming's current dividend payout ratio and does this payout appear sustainable given its cash flow and earnings? How does the $0.18 quarterly dividend compare to the previous quarter and the annualized dividend yield? How does Boyd Gaming's dividend yield compare to its main competitors such as MGM Resorts, Caesars Entertainment, and Wynn Resorts?