Boyd Gaming Declares Dividend After Strong Quarter

Boyd Gaming moved ahead with another dividend announcement as the company wrapped up a busy stretch of earnings updates, analyst reactions and cybersecurity concerns. The announcement gives investors another data point during a year that continues to shift quickly for the Las Vegas operator.

Good to Know

• Quarterly dividend set at $0.18 per share and payable January 15, 2026.
• Boyd Gaming recently topped earnings forecasts with strong third-quarter results.
• Federal investigators remain involved in a cybersecurity review tied to a September incident.

Boyd Gaming Declares Dividend After Strong Third Quarter And Cyber Investigation Updates

Boyd Gaming said its Board of Directors approved a quarterly cash dividend of $0.18 per share, payable January 15, 2026. Shareholders of record as of December 15, 2025 qualify for the payout. The company offered no additional commentary around the decision, and no forward-looking language accompanied the notice.

The timing follows fresh third-quarter results that pushed earnings past analyst forecasts. Boyd Gaming reported EPS of $1.72, well above the expected $1.60. Revenue reached $1bn, clearing projections of $872.1m. The stronger-than-expected quarter prompted upbeat responses from several banks. Mizuho boosted its target to $99 while keeping an Outperform rating. Jefferies held its Buy rating with a target of $107. Wells Fargo began coverage at Equal Weight and set its target at $85.

Those disclosures arrived while the company continued to manage the aftermath of a cybersecurity incident noted in a filing on September 24. Boyd Gaming said the attack took place on September 23 and added that the event “has had no impact” on operations. According to the filing, an unauthorised third party accessed internal information linked to “a limited number of individuals.” The company has since worked with federal law enforcement and outside cybersecurity experts, who are helping with the review. Notifications have already gone to affected individuals.

The operator has kept an active profile on the strategic side as well. Fanatics Betting and Gaming reached a multi-year agreement with Boyd Gaming in August 2025 to build out sportsbook operations in Missouri. A month earlier, Boyd Gaming completed the sale of its final 5 percent stake in FanDuel to Flutter Entertainment. That transaction reached roughly $1.755bn based on an implied valuation of $31bn, giving Flutter full ownership of FanDuel.

Boyd Gaming also said its cybersecurity insurance policy is expected to handle costs associated with forensic support, legal needs and any regulatory penalties. The company does not expect the matter to influence its financial condition.

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