Golden Entertainment (GDEN) has announced its upcoming dividend details, with an ex-dividend date of Jun 25, 2025. The declared dividend is $0.250 per share, which will be paid on Jul 9, 2025, following its announcement on May 6, 2025. This dividend is lower than the average of the last ten dividends, which stands at approximately $0.709 per share. The most recent prior dividend was also $0.250 per share and was paid on Apr 2, 2025. Both dividends are categorized as cash dividends.
Recently,
has been navigating a fluctuating market landscape. Over the past week, reports have highlighted industry uncertainty impacting the company's stock price targets. Analysts indicated that despite the challenges, Golden Entertainment's commitment to deleveraging, enhancing its core Nevada operations, and focusing on capital returns presents a promising upside potential of 14-36%. This strategy, coupled with share buybacks and a 3.6% dividend yield, underscores the company's efforts to bolster investor confidence.
As of late, another significant development is the trimming of holdings by Rhumbline Advisers, who reduced their stake in Golden Entertainment by 6.2% in the first quarter. While this move might signal caution, the company's stock performance has shown resilience. Notably, shares surged 3.27% on Jun 17, 2025, reaching an intraday high of $28.44, before settling at the same price. This recent uptick reflects market optimism and the potential positive impact of strategic initiatives.
In conclusion, Golden Entertainment's financial maneuvers and strategic focus are pivotal as the ex-dividend date approaches. Investors should note that Jun 25, 2025, is the last opportunity to acquire shares and qualify for the upcoming dividend. Any purchases made after this date will not be eligible for this dividend payout.
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