Boyd Gaming Corporation increased its quarterly dividend to $0.20 per share, up from $0.18 per share, with the payment scheduled for April 15, 2026. Shareholders of record as of March 16, 2026 will receive the dividend, representing an 11.1% increase in the payout.
The hike marks the fourth consecutive dividend increase since the company reinstated the payout in 2022. It follows a record‑setting Q4 2025 quarter in which Boyd Gaming posted $1.1 billion in revenue and an earnings per share of $2.21, beating analyst expectations and underscoring the company’s robust financial performance.
Segment analysis shows that the Las Vegas Locals and Midwest & South operations delivered strong growth, driven by core customer demand, while the destination business remained soft. The mix of strong regional segments helped support the company’s overall earnings momentum.
Boyd Gaming has strengthened its balance sheet by deploying proceeds from the sale of its FanDuel stake, increasing cash reserves and reducing debt. The improved liquidity position provides the flexibility to return capital to shareholders while maintaining a solid financial foundation.
CEO Keith Smith expressed confidence in the company’s 2026 outlook, citing continued strength in core customer play, returns from capital investments, and a strong balance sheet. The dividend increase signals management’s belief that the company can sustain earnings growth and shareholder returns moving forward.
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