Dividend Overview
Dividend Yield
—
Dividend / Share
—
MGM Resorts International
Exchange: NYSESector: Consumer CyclicalIndustry: Resorts & Casinos
MGM Resorts International is an S&P 500® global gaming and entertainment company with national and international destinations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and Brazil. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.
Current Price
$36.51
+1.36%GoodMoat Value
$47.97
31.4% undervaluedProfile
Valuation (TTM)
Market Cap$9.34B
P/E51.20
EV$39.31B
P/B3.84
Shares Out255.83M
P/Sales0.53
Revenue$17.72B
EV/EBITDA20.31
MGM Resorts International (MGM) Dividends
GoodMoat Analysis
MGM Resorts International does not currently pay a dividend. For an income-focused investor, this is unfavourable. However, the company generates a robust free cash flow yield of 14.3%, which is being used to strengthen its balance sheet and reinvest in operations.
Read full analysis
MGM Resorts International does not offer a dividend, making it an unsuitable choice for an investor seeking current income. This is a common characteristic for companies in capital-intensive, cyclical industries like casinos, where management often prioritizes reinvestment and debt reduction over shareholder payouts. The decision to forgo a dividend appears to be a strategic capital allocation choice, supported by the company's strong free cash flow generation. The provided data shows a compelling Free Cash Flow Yield of 14.3%, which far exceeds the 10-15% threshold for a strong FCF margin mentioned in the framework's Quality Indicators. This indicates the business is generating substantial cash relative to its market value. Examining the balance sheet through the framework's lens reveals a Debt/Equity ratio of 12.9, which is high and suggests significant leverage. The company's robust FCF is likely being directed towards reducing this debt burden, a move that aligns with prudent financial management to improve long-term stability. While the lack of a dividend is a clear negative for income seekers, the high FCF yield and its application towards balance sheet repair could be viewed as a foundational step to potentially support future capital returns, though none are guaranteed. The current strategy focuses on strengthening the business's financial quality rather than providing immediate yield.
Key Metrics
Market Cap
$9.34B
P/E Ratio
51.20
Forward P/E
—
EPS
$0.76
PEG Ratio
-8.87
Book Value
$9.50
Dividend Yield
—
Profit Margin
1.03%
ROE
7.51%
Dividend History
Dividend Safety
MGM Dividend Analysis
MGM Resorts International (MGM) dividend analysis including yield, payout history, and sustainability metrics.
P/E ratio: 51.20. Profit margin: 1.03%. Free cash flow: $1.47B. This page shows MGM Resorts International's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported MGM Resorts International's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.