Boyd Gaming Reinstates Dividend, Reaffirms Share Buyback Program - Quick Facts

(RTTNews) - Boyd Gaming Corp. (BYD) announced that its Board has authorized the reinstatement of the cash dividend program, with an initial quarterly payment of $0.05 per share. The Board also reaffirmed the existing share repurchase program, which has $92 million remaining.

Keith Smith, CEO of Boyd Gaming, said: "Thanks to the continued strength of our operations, our successful acquisitions, and the significant progress we have made deleveraging our balance sheet, we are now able to reinstitute a program of returning capital to our shareholders. We believe a balanced approach of deleveraging, investment in organic growth projects, and opportunistic acquisitions - combined with the return of a portion of our free cash flow to shareholders - is the right strategy to maximize long-term shareholder value."