MGM Resorts (MGM) Misses Q4 EPS, Initiates Dividend

MGM Resorts (NYSE: MGM) reported Q4 EPS of $0.11, $0.09 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.46 billion.

MGM Resorts Dividend:

The Company's Board of Directors approved a quarterly dividend on February 15, 2017. The dividend of $0.11 per share will be payable on March 15, 2017 to stockholders of record at the close of business on March 10, 2017, and will equate to approximately $63 million in aggregate.

Mr. Murren continued, "The initiation of a quarterly dividend reinforces the Company's commitment to executing on our disciplined, long term strategy of maximizing value for our shareholders while demonstrating confidence in our ability to continue growing the business and maintaining a strong balance sheet."

For earnings history and earnings-related data on MGM Resorts (MGM) click here.

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