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Wynn Resorts Ltd

Exchange: NASDAQSector: Consumer CyclicalIndustry: Resorts & Casinos

Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Wynn Macau (wynnmacau.com), Wynn Palace, Cotai (wynnpalace.com), and operates Encore Boston Harbor (encorebostonharbor.com). The Company is constructing an Integrated Resort in Ras Al Khaimah, United Arab Emirates, set to open in 2027. Wynn and Encore Las Vegas consist of two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites, and villas. The resort features approximately 194,000 square feet of casino space, 20 signature dining experiences, 14 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 177,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course. Encore Boston Harbor is a luxury resort destination featuring a 210,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 14 dining and lounge venues, a nightclub and approximately 71,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created a six-acre public park and Harborwalk along the shoreline. It is the largest private, single-phase development in the history of the Commonwealth of Massachusetts. Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People's Republic of China with two luxury hotel towers with a total of 1,010 spacious rooms and suites, approximately 294,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 64,300 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show. Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 468,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities. Wynn Al Marjan Island will be the first integrated resort in the United Arab Emirates. Set to open in 2027, the resort will be located 50 minutes from the Dubai International Airport in the emirate of Ras Al Khaimah. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding, creating a new category of luxury in the region. The resort will offer 1,542 rooms and well-appointed suites, as well as 22 restaurants, lounges, and bars, a theater, a nightclub, and a beach club adjacent to the Arabian Gulf. In addition, Wynn Al Marjan Island will feature multiple swimming and wading pools, water features, private cabanas, and tropical landscaping, a five-star spa, and a salon. The resort will also include a 15,000-square-meter shopping promenade filled with the world's top luxury boutiques, and a 7,500-square-meter meetings and events center. About Chef's Table Chef's Table premiered on Netflix in 2015 as an American docuseries featuring culinary stars around the world. Emmy Award-winning and the longest-running original series on Netflix, Chef's Table has captivated millions of viewers with its uniquely intimate portrayals of passionate chefs. Building on its first 10 years, Chef's Table enters a new chapter of growth to broaden its reach through brand partnerships with industry-leading companies, and the launch of Chef's Table: Talks, a podcast hosted by David Gelb.

Current Price

$98.54

+0.49%

GoodMoat Value

$132.67

34.6% undervalued
Profile
Valuation (TTM)
Market Cap$10.28B
P/E27.40
EV$20.53B
P/B
Shares Out104.28M
P/Sales1.41
Revenue$7.29B
EV/EBITDA11.91

Wynn Resorts Ltd (WYNN) Dividends

GoodMoat Analysis

Based on data as of March 26, 2026

Wynn Resorts' dividend appears sustainable based on a moderate payout ratio and strong free cash flow yield, but the overall profile is mixed for an income-focused investor. The current yield is below the sector average, and dividend growth is uncertain due to the company's cyclical nature and high debt. The primary support comes from robust cash generation, though capital allocation priorities may favor debt reduction over shareholder returns.

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For an income-focused value investor, Wynn Resorts presents a nuanced dividend profile. The dividend's sustainability is supported by a moderate payout ratio, estimated at approximately 50-60% of its $3.14 EPS, which is a manageable level. More critically, the company's free cash flow yield of 6.5% is strong and provides a solid foundation to cover the 1.65% dividend yield, as referenced in Section 2 (Quality Indicators) of the framework, which favors FCF margins above 10-15%. However, the framework also emphasizes balance sheet strength, and here Wynn shows a key weakness: its debt-to-equity ratio is not calculable (N/A) due to negative shareholder equity, indicating a highly leveraged capital structure that management may prioritize stabilizing over aggressive dividend increases. The current yield of 1.65% is below the broader Consumer Cyclical sector average, making it less attractive for pure yield seekers. Dividend growth is not a reliable feature; the company's cyclical operations, evidenced by modest 1.5% YoY revenue growth, mean payouts are more likely to be variable than consistently rising. While the dividend is not at immediate risk due to sufficient FCF, the overall picture is one of a payout sustained by a cash-generative but leveraged business in a cyclical industry, where capital is likely allocated to fortifying the balance sheet first. Analysis based on data as of 2024-05-15.

Dividend Overview

Dividend Yield

1.70%

Dividend / Share

$1.67

Key Metrics

Market Cap

$10.28B

P/E Ratio

27.40

Forward P/E

EPS

$3.14

PEG Ratio

0.39

Book Value

$-2.64

Dividend Yield

1.70%

Profit Margin

5.14%

ROE

Dividend History

Dividend Safety

WYNN Dividend Analysis

Wynn Resorts Ltd (WYNN) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 1.70%. The annual dividend per share is $1.67.

P/E ratio: 27.40. Profit margin: 5.14%. Free cash flow: $691.76M. This page shows Wynn Resorts Ltd'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 Wynn Resorts Ltd's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.