Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas market. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was incorporated in 1976 and is based in Las Vegas, Nevada.
Red Rock Resorts Dividend Announcement
• Red Rock Resorts announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-16
• Red Rock Resorts annual dividend for 2024 was $2.00
• Red Rock Resorts annual dividend for 2023 was $1.00
• Red Rock Resorts's trailing twelve-month (TTM) dividend yield is 3.96%
• Red Rock Resorts's payout ratio for the trailing twelve months (TTM) is 90.76%
• Red Rock Resorts's dividend growth over the last five years (2018-2023) was 20.11% year
Red Rock Resorts Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-16 | $0.25 | quarterly | 2024-12-31 |
2024-09-16 | $0.25 | quarterly | 2024-09-30 |
2024-06-14 | $0.25 | quarterly | 2024-06-28 |
2024-03-14 | $0.25 | quarterly | 2024-03-29 |
2024-02-21 | $1.00 | quarterly | 2024-03-04 |
2023-12-14 | $0.25 | quarterly | 2023-12-29 |
2023-09-14 | $0.25 | quarterly | 2023-09-29 |
2023-06-14 | $0.25 | quarterly | 2023-06-30 |
2023-03-14 | $0.25 | quarterly | 2023-03-31 |
2022-12-14 | $0.25 | quarterly | 2022-12-30 |
2022-11-29 | $1.00 | quarterly | 2022-12-09 |
2022-09-14 | $0.25 | quarterly | 2022-09-30 |
2022-06-15 | $0.25 | quarterly | 2022-06-30 |
2022-03-14 | $0.25 | quarterly | 2022-03-31 |
2021-11-22 | $3.00 | quarterly | 2021-12-22 |
2020-03-12 | $0.10 | quarterly | 2020-03-27 |
2019-12-12 | $0.10 | quarterly | 2019-12-27 |
2019-09-12 | $0.10 | quarterly | 2019-09-27 |
2019-06-13 | $0.10 | quarterly | 2019-06-28 |
2019-03-13 | $0.10 | quarterly | 2019-03-29 |
2018-12-13 | $0.10 | quarterly | 2019-01-01 |
2018-09-13 | $0.10 | quarterly | 2018-09-28 |
2018-06-14 | $0.10 | quarterly | 2018-06-29 |
2018-03-14 | $0.10 | quarterly | 2018-03-30 |
2017-11-14 | $0.10 | quarterly | 2017-11-30 |
2017-08-11 | $0.10 | quarterly | 2017-08-31 |
2017-05-12 | $0.10 | quarterly | 2017-05-30 |
2017-03-13 | $0.10 | quarterly | 2017-03-31 |
2016-11-10 | $0.10 | quarterly | 2016-11-30 |
2016-08-11 | $0.10 | quarterly | 2016-08-30 |
Red Rock Resorts Dividend per year
Red Rock Resorts Dividend growth
Red Rock Resorts Dividend Yield
Red Rock Resorts current trailing twelve-month (TTM) dividend yield is 3.96%. Interested in purchasing Red Rock Resorts stock? Use our calculator to estimate your expected dividend yield:
Red Rock Resorts Financial Ratios
Red Rock Resorts Dividend FAQ
Other factors to consider when evaluating Red Rock Resorts as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Red Rock Resorts's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Red Rock Resorts publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Red Rock Resorts distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Red Rock Resorts are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Red Rock Resorts sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Red Rock Resorts distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Red Rock Resorts declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Red Rock Resorts's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Red Rock Resorts's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.