Golden Entertainment Declares Special Cash Dividend Of $2.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Golden Entertainment has declared a special cash dividend of $2.00 per share, payable on August 25, 2023, to stockholders of record as of August 11, 2023. The company's board has also increased the share repurchase authorization to $100 million.
July 31, 2023 | 9:46 pm
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POSITIVE IMPACT
Golden Entertainment's declaration of a special cash dividend and increase in share repurchase authorization may boost investor confidence and potentially increase the stock's price in the short term.
Dividends are a sign of a company's financial health and profitability, which can attract investors and drive up the stock price. Additionally, share repurchases can also increase the stock price by reducing the number of shares outstanding, thereby increasing earnings per share.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100