This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Companies Getting Ready to Hike Dividends in 2013

Wynn Resorts

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Wynn Resorts (WYNN - Get Report) is another name that's enjoying some relative strength right now; the casino resort operator is already up more than 10% in 2013. Wynn's massive properties -- two in Las Vegas and two in China -- are among the most profitable in the industry, courting high rollers with their luxury appeal and relatively new construction. The addition of a new resort in Cotai should be a very material addition to the firm's existing business.

Despite its success in Las Vegas, Wynn's real bread and butter is in Macau, the Chinese special district where gaming attracts high-end Asian clientele. More than two-thirds of Wynn's revenues come from Macau, in spite of the fact that a turnaround in Vegas has been coming in at full speed over the last year and change. With only six casino licenses granted in China right now, the chances of a new challenger unseating Wynn look slim.

While the addition of more luxury rooms to the supply in Las Vegas does threaten Wynn's pull in 2013 (Macau and Cotai are already heavily skewed toward the higher-end of the gaming spectrum), the resort has already established its niche in the Vegas strip.

Opening megaresorts is hugely capital intense, but Wynn sports a reasonably strong balance sheet and ample cash generation capabilities. With 1.61% dividend yield in play right now, the firm can afford to hike its dividend payout in 2013. Keep an eye out for the annual shareholder meeting on Feb. 22.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
BBT $35.83 -1.80%
JNJ $91.02 -1.70%
LO $71.40 -0.46%
ZMH $106.50 0.68%
WYNN $72.82 -1.40%


Chart of I:DJI
DOW 16,077.79 -296.97 -1.81%
S&P 500 1,917.91 -33.22 -1.70%
NASDAQ 4,675.4410 -58.0560 -1.23%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs