Las Vegas Sands Corp. (LVS) to Issue Quarterly Dividend of $0.77 on March 28th

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Wednesday, January 23rd, RTT News reports. Stockholders of record on Wednesday, March 20th will be paid a dividend of 0.77 per share by the casino operator on Thursday, March 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Tuesday, March 19th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.75.

Las Vegas Sands has raised its dividend by an average of 4.9% annually over the last three years and has raised its dividend every year for the last 6 years. Las Vegas Sands has a dividend payout ratio of 87.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Las Vegas Sands to earn $3.36 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 91.7%.

Shares of LVS stock opened at $59.34 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.76 and a quick ratio of 1.75. The stock has a market capitalization of $45.85 billion, a PE ratio of 17.87 and a beta of 1.40. Las Vegas Sands has a one year low of $47.39 and a one year high of $81.45.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 23rd. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). Las Vegas Sands had a return on equity of 33.84% and a net margin of 17.58%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the company posted $0.88 earnings per share. Las Vegas Sands’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Las Vegas Sands will post 3.2 earnings per share for the current fiscal year.

A number of analysts recently issued reports on LVS shares. Morgan Stanley reissued a “buy” rating on shares of Las Vegas Sands in a research note on Monday, December 3rd. Zacks Investment Research cut Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Deutsche Bank increased their target price on Las Vegas Sands to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Finally, Sanford C. Bernstein started coverage on Las Vegas Sands in a research note on Thursday, November 15th. They set an “outperform” rating and a $81.45 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $71.19.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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Dividend History for Las Vegas Sands (NYSE:LVS)

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