Monarch Casino & Resort (MCRI) Declares $5.00 Special Dividend; 6.5% Yield

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Go back to Monarch Casino & Resort (MCRI) Declares $5.00 Special Dividend; 6.5% Yield

Monarch Casino & Resort Declares One-Time Cash Dividend of $5.00 Per Share; Initiates Recurring Annual Cash Dividend of $1.20 Per Share, to Be Paid in Quarterly Amounts

February 7, 2023 9:00 AM EST

RENO, Nev., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (Monarch or the Company) today announced that its Board of Directors authorized a one-time cash dividend of $5.00 per share of its outstanding common stock. The one-time cash dividend is payable on March 15, 2023, to stockholders of record on March 1, 2023. In addition, commencing in the second quarter of 2023, the Board of Directors has approved the payment of an annual dividend in the amount of $1.20 per outstanding share of Common Stock, payable in quarterly amounts on the 15th day of the third month of... More