Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of December 31, 2021, its Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. The company's Atlantis Casino Resort Spa also featured approximately 1,400 slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. In addition, its Monarch Casino Resort Spa Black Hawk featured approximately 60,000 square feet of casino space; approximately 1,100 slot machines; approximately 40 table games; 10 bars and lounges; 4 dining options; 516 guest rooms and suites; banquet and meeting room space; a retail store; a concierge lounge; an upscale spa and pool facility; and a nine-story parking structure with approximately 1,350 spaces, as well as valet parking with a total parking capacity to approximately 1,500 spaces. The company was founded in 1972 and is based in Reno, Nevada.
Monarch Casino & Resort Dividend Announcement
• Monarch Casino & Resort announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-12-15. Ex dividend date: 2024-11-29
• Monarch Casino & Resort annual dividend for 2024 was $1.20
• Monarch Casino & Resort annual dividend for 2023 was $5.90
• Monarch Casino & Resort's trailing twelve-month (TTM) dividend yield is 1.4%
• Monarch Casino & Resort's payout ratio for the trailing twelve months (TTM) is 25.90%
Monarch Casino & Resort Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-29 | $0.30 | quarterly | 2024-12-15 |
| 2024-08-30 | $0.30 | quarterly | 2024-09-15 |
| 2024-05-31 | $0.30 | quarterly | 2024-06-15 |
| 2024-02-29 | $0.30 | quarterly | 2024-03-15 |
| 2023-11-30 | $0.30 | quarterly | 2023-12-15 |
| 2023-08-31 | $0.30 | quarterly | 2023-09-15 |
| 2023-05-31 | $0.30 | quarterly | 2023-06-15 |
| 2023-02-28 | $5.00 | quarterly | 2023-03-15 |
Monarch Casino & Resort Dividend per year
Monarch Casino & Resort Dividend Yield
Monarch Casino & Resort current trailing twelve-month (TTM) dividend yield is 1.4%. Interested in purchasing Monarch Casino & Resort stock? Use our calculator to estimate your expected dividend yield:
Monarch Casino & Resort Financial Ratios
Monarch Casino & Resort Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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