Las Vegas Sands Corp. (NYSE:LVS) to Issue $0.77 Quarterly Dividend

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Wednesday, June 19th will be given a dividend of 0.77 per share by the casino operator on Thursday, June 27th. This represents a $3.08 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, June 18th.

Las Vegas Sands has raised its dividend payment by an average of 4.9% per year 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 $3.45 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 89.3%.

Las Vegas Sands stock opened at $57.04 on Thursday. The company has a market capitalization of $45.36 billion, a PE ratio of 17.18 and a beta of 1.52. Las Vegas Sands has a 12-month low of $47.39 and a 12-month high of $81.45. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.85.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. As a group, sell-side analysts anticipate that Las Vegas Sands will post 3.59 EPS for the current fiscal year.

A number of analysts recently weighed in on LVS shares. Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. raised their target price on shares of Las Vegas Sands from $62.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Credit Suisse Group restated a “neutral” rating and set a $58.00 target price on shares of Las Vegas Sands in a report on Wednesday, March 20th. HSBC cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on shares of Las Vegas Sands from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Las Vegas Sands presently has a consensus rating of “Hold” and a consensus price target of $68.46.

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About Las Vegas Sands

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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