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TheStreet Wire

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

By TheStreet Wire 05/25/11 - 09:57 AM EDT

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NEW YORK (TheStreet) -- The ex-dividend date for Ameristar Casinos (Nasdaq:ASCA) is tomorrow, May 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.93 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Ameristar Casinos has been 344,100 shares per day over the past 30 days. Ameristar Casinos has a market cap of $738.5 million and is part of the services sector and leisure industry. Shares are up 47.7% year to date as of the close of trading on Tuesday.

Ameristar Casinos, Inc. operates as a gaming and entertainment company in the United States. The company develops, owns, and operates casino, and related hotel, food and beverage, entertainment, and other facilities. The company has a P/E ratio of 67.4, below the average leisure industry P/E ratio of 69.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ameristar Casinos as a 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 company's profit margins have been poor overall. You can view the full Ameristar Casinos Ratings Report.

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