Las Vegas Sands Corp. Announces Quarterly Dividend of $0.30 (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Tuesday, May 5th will be paid a dividend of 0.30 per share by the casino operator on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 5th.

Las Vegas Sands has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Las Vegas Sands has a payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Las Vegas Sands to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.0%.

Las Vegas Sands Trading Down 1.3%

NYSE LVS opened at $56.81 on Thursday. The stock has a market capitalization of $37.70 billion, a P/E ratio of 24.28, a P/E/G ratio of 1.44 and a beta of 0.89. Las Vegas Sands has a 52-week low of $34.33 and a 52-week high of $70.45. The firm has a 50-day moving average price of $55.14 and a 200 day moving average price of $58.96. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 7.58.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts expect that Las Vegas Sands will post 3.16 EPS for the current year.

Insider Activity at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in Las Vegas Sands by 206.2% in the first quarter. Janney Montgomery Scott LLC now owns 39,686 shares of the casino operator’s stock valued at $2,138,000 after purchasing an additional 26,725 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Las Vegas Sands by 1.8% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,574,544 shares of the casino operator’s stock worth $84,836,000 after buying an additional 27,267 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Las Vegas Sands during the 1st quarter worth $830,000. Kestra Private Wealth Services LLC boosted its position in shares of Las Vegas Sands by 25.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,575 shares of the casino operator’s stock worth $462,000 after buying an additional 1,716 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Las Vegas Sands by 44.2% in the 1st quarter. Ritholtz Wealth Management now owns 24,138 shares of the casino operator’s stock valued at $1,301,000 after acquiring an additional 7,404 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.