Boyd Gaming Corporation announced on December 5, 2024, that its Board of Directors has authorized an additional $500 million under the company's share repurchase program. This new authorization significantly increases the capital available for buybacks.
As of September 30, 2024, the company had approximately $843 million remaining under its current share repurchase authority, including this new authorization. This move underscores Boyd Gaming's confidence in its financial position and its strategy to enhance shareholder value.
Additionally, the Board of Directors declared a quarterly cash dividend of $0.17 per share, payable on January 15, 2025, to shareholders of record as of December 16, 2024. The increased repurchase capacity provides flexibility for future capital allocation decisions.
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