UBS Downgrades Wynn Resorts to “Neutral” (WYNN)

On Friday analysts at UBS downgraded casino operator Wynn Resorts, Limited (WYNN) as it sees no major catalysts for growth in the company and challenges ahead.

The analysts downgraded WYNN from “Buy” to “Neutral” with a price target of $118. The new target is a +3.3% upside from Thursday’s closing price of $114.22.

Wynn Resorts shares were down $1.66, or -1.45%, in premarket trading on Friday. The stock is up +3.38% year-to-date.

Wynn Resorts is an owner and operator of casino hotel resorts in Las Vegas, Nevada and Macau. In the most recent quarter, WYNN reported a profit of $112 million on revenue of about $1.3 billion.

Wynn Resorts Dividend in Focus

Wynn has paid out a dividend of $2.00 per share over the past 12 months, plus a special dividend of $7.50 per share in November of 2012. This dividend payout represents a 1.75% dividend yield based on Thursday’s closing price of $114.22. The company has announced that it plans to double its quarterly dividend distribution to $1.00 per share beginning in 2013. Wynn’s last dividend was a regular 50 cent per share distribution and the $7.50 per share special dividend that was paid on November 20, 2012 (view the Ex-Dividend Tool for information on all upcoming ex-dividend dates).

Recent Wynn dividends include:

  • June 4, 2012: $0.50
  • August 14, 2012: $0.50
  • November 20, 2012: $0.50
  • November 20, 2012: $7.50 (Special)

Wynn has been paying the same dividend per quarter since April of 2011. The company is only a decade old and has a relatively short and inconsistent dividend payout history. In 2011 Wynn’s dividend payout ratio was 30.4%.

Wynn Resorts vs. the Competition has identified a few stocks that are related to Wynn Resorts. Keep in mind that there are not many publicly owned direct competitors to Wynn Resorts. A few related companies include Las Vegas Sands (LVS), Ameristar Casino (ASCA), and Royal Caribbean Cruises, Ltd. (RCL). All of these companies have a dividend yield around 2%.

WYNNWynn Resorts1.75%3.3
LVSLas Vegas Sands2.18%3.2
ASCAAmeristar Casino2.41%3.2
RCLRoyal Caribbean Cruises, Ltd.1.40%3.2


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Wynn Resorts, Limited (WYNN) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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