dividend
confidence high
sentiment positive
materiality 0.75
Red Rock Resorts reinstates quarterly dividend at $0.25/share, 150% increase from prior $0.10
Red Rock Resorts, Inc.
- Quarterly dividend reinstated at $0.25/share; prior rate was $0.10/share before suspension in 2020 due to pandemic.
- Payment date March 31, 2022; record date March 15, 2022.
- Station Holdco to distribute ~$27.6M, with ~$16.1M to Red Rock and ~$11.5M to other unit holders.
- Board retains discretion to adjust or discontinue dividend in future based on conditions.