MGM Resorts International (NYSE:MGM) will begin trading ex-dividend on December 9, 2020. The quarterly dividend payment of $ 0.0025 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 0.03 percent. Shareholders who purchased MGM shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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MGM Resorts International recently reported third quarter financial results on October 29, 2020, after market close, the Las Vegas based company disclosed loss for the third quarter of $ 1.08 per share, from the revenue of $ 1,126.00 million. The quarterly revenues dropped 66.02 percent compared with the same quarter last year. Wall street analysts are predicting, MGM to report 3Q20 loss of $ 1.04 per share from revenue of $ 1242.06 million. The bottom line results missed street analysts by $ 0.04 or 3.85 percent, at the same time, top line results fell short of analysts by $ 116.06 million or 9.34 percent.
Stock Performance
Shares of MGM Resorts International traded low $ -0.89 or -2.90 percent on Monday, reaching $ 29.83 with volume of 8.37 million shares. MGM Resorts International has traded high as $ 30.79 and has cracked $ 29.50 on the downward trend
According to the previous trading day, closing price of $ 29.83, representing a 420.68 % increase from the 52 week low of $ 5.90 and a 11.32 % decrease over the 52 week high of $ 34.64.
The company has a market capital of $ 14.73 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
