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Ameristar Casinos Stock To Go Ex-dividend Tomorrow (ASCA)

By TheStreet Wire 02/24/11 - 10:00 AM EST

Find out if (ASCA) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Ameristar Casinos (Nasdaq:ASCA) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $16.36 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Ameristar Casinos has been 270,400 shares per day over the past 30 days. Ameristar Casinos has a market cap of $986.1 million and is part of the services sector and leisure industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

Ameristar Casinos, Inc. develops, owns, and operates casinos, and related hotel, food and beverage, entertainment, and other facilities in the United States. The company primarily provides slot machine plays, as well as offers table games, including blackjack, craps, roulette, and poker. The company has a P/E ratio of 23.2, below the average leisure industry P/E ratio of 112.9 and above the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Ameristar Casinos as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full Ameristar Casinos Ratings Report.

See our dividend calendar or top-yielding stocks list.

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