the kansas star casinoAt least one analyst views Las Vegas Sands (NYSE: LVS), the largest US casino operator by market capitalization, as a potentially compelling dividend growth story. Today, the owner of the Palazzo and Venetian hotels in Las Vegas, delivers a quarterly payout of 77 cents per share, the equivalent of .08 annually, meaning the company’s dividend has more than tripled since 2012.A dividend tripling in seven years is impressive, but it is possible Sands can deliver more payout growth, potentially tripling its dividend over the next decade.We project the company to more than double its dividend to over .00 per share in 2028, supported by its industry-leading balance sheet and regulatory intangible assets advantage,” Morningstar equity analyst Dan Wasiolek said in a note this week.Sands’ Dividend SupremacySands’ dividend profile compares favorably with its peer group. Macau is known for its casinos, but could soon offer a publicly traded stock market exchange. slot players in casino(Image: John Locher/AP)In addition to a special dividend of .75 per share, Sands initiated a quarterly dividend of 25 cents, or per year, in 2012. The company has since raised the payout. Macau is known for its casinos, but could soon offer a publicly traded stock market exchange. fanduel casino games not loading

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casino yacht(Image: John Locher/AP)In addition to a special dividend of .75 per share, Sands initiated a quarterly dividend of 25 cents, or per year, in 2012. tocks can get the house to pay them via dividends. MGM Resorts (NYSE: MGM) is admiral casino folkestoneshowing commitment to dividend growth, but the Bellagio owner did not initiate a dividend until 2017, and its current quarterly payout of 13 cents a share is dwarfed by Sands’ dividend.Wynn and MGM yield 2.66 percent and 2.03 percent, respectively, while the dividend yield on shares of Sands is 5.54 percent. poker game in casino royaleMacau is known for its casinos, but could soon offer a publicly traded stock market exchange. Since initiating the payout in 2012, the owner of the Marina Bay Sands casino and resort in Singapore has not cut or suspended the dividend. MGM Resorts (NYSE: MGM) is admiral casino folkestoneshowing commitment to dividend growth, but the Bellagio owner did not initiate a dividend until 2017, and its current quarterly payout of 13 cents a share is dwarfed by Sands’ dividend.Wynn and MGM yield 2.66 percent and 2.03 percent, respectively, while the dividend yield on shares of Sands is 5.54 percent. chinook winds casino or

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harrah s cherokee casino knoxville tnThe consumer cyclical comparison is relevant because Sands and other casino operators reside in that sector.Sands carries about .9 billion in debt, but that is less than the billion in liabilities at MGM, and Morningstar’s Wasiolek points out the company is not highly leveraged and has a strong interest coverage ratio.“In our view, Sands’ dividend growth potential is buoyed by its low 1.4 times 2018 leverage and solid interest coverage ratio that ended last year at over 8 times,” said the analyst.How Asia Factors Into Sands’ DividendWith the Palazzo and Venetian, Sands operates two of the premier, high-end Las Vegas Strip properties, but Wall Street has long viewed the company’s Macau and Singapore footprints as integral parts of the Sands investment thesis.Sands’ dividend outlook is reinforced by its leading gaming share in Macau and Singapore, where demand far outstrips the limited number of gaming licenses awarded by the government,” according to Wasiolek.Sands admiral casino folkestoneis also among the major US operators bidding for a coveted gaming license in Japan, a potentially lucrative casino market.“In our opinion, this leading presence will in turn allow Sands to win one of only two projected urban licenses in the large Japanese gaming market around 2025,” said Wasiolek.Sands’ dividend yield is about triple the comparable metric on the S&P 500 and more than quadruple the dividend yield on the Consumer Discretionary Select Sector SPDR (NYSE: XLY). Since initiating the payout in 2012, the owner of the Marina Bay Sands casino and resort in Singapore has not cut or suspended the dividend. Last October’s opening of the .8 billion 34-mile bridge that connects the SAR to Hong Kong across the Pearl River Delta admiral casino folkestonewas a major development in transforming the once isolated enclave.In its annual economic review, the International Monetary Fund (IMF) recommended that Macau push incentives to its six licensed casino operators to invest in non-gaming developments. MGM Resorts (NYSE: MGM) is admiral casino folkestoneshowing commitment to dividend growth, but the Bellagio owner did not initiate a dividend until 2017, and its current quarterly payout of 13 cents a share is dwarfed by Sands’ dividend.Wynn and MGM yield 2.66 percent and 2.03 percent, respectively, while the dividend yield on shares of Sands is 5.54 percent. The same is not true of Sands’ rivals.Wynn Resorts (NASDAQ: WYNN) slashed its dividend to 50 cents a share from .50 in 2015. four winds casino las vegas