Boyd Gaming announces addition of $500million to buyback plan

Boyd Gaming's stock increased in an after-hours trading session following the regional casino operator's announcement that it was adding $500 million to a previously announced share repurchase program.

Additionally, Boyd announced a quarterly dividend of 17 cents per share, which was consistent with the operator's earlier announcements this year. Together with today's news, the gaming company based in Las Vegas announced a $500 million share buyback plan in May.

 

[Jenny]

I think Boyd Gaming’s $500 million buyback plan signals confidence in its financial health and commitment to shareholder value. It reflects a strategic move to enhance investor returns and strengthen market position.