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Stock impact report

Red Rock Resorts (NASDAQ:RRR) Has Announced A Dividend Of $0.25 [Yahoo! Finance]

Red Rock Resorts, Inc. - Class A (RRR) 
Last red rock resorts, inc. - class a earnings: 2/4 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
3 min read In This Article RRR Red Rock Resorts, Inc. NASDAQ:RRR ) will pay a dividend of $0.25 on the 31st of March. Based on this payment, the dividend yield will be 1.9%, which is fairly typical for the industry. Check out our latest analysis for Red Rock Resorts Red Rock Resorts' Projected Earnings Seem Likely To Cover Future Distributions Unless the payments are sustainable, the dividend yield doesn't mean too much. Before making this announcement, Red Rock Resorts was paying a whopping 104% as a dividend, but this only made up 38% of its overall earnings. A cash payout ratio this high could put the dividend under pressure and force the company to reduce it in the future if it were to run into tough times. EPS is set to fall by 15.5% over the next 12 months. Assuming the dividend continues along recent trends, we believe the payout ratio could be 54%, which we are pretty comfortable with and we think is feasible on an earnings basis. NasdaqGS:RRR Historic Dividen Show less Read more
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