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5 Sin Stocks Ready for Dividend Boosts

Wynn Resorts

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While gamblers in Las Vegas are focused on the payouts on the casino floor at Wynn Resorts ( WYNN), I'm more interested in this stock's dividend payout -- there's no gamble there. The $14 billion casino resort operator currently pays out a $1 per share dividend each quarter, adding up to a 2.8% dividend yield at current price levels.

>>5 Cash-Rich Stocks to Triple Your Gains

Wynn has benefitted from a rebounding economy in Las Vegas. The firm's Wynn and Encore resorts are two of the newer properties on the strip, and their high-end positioning keeps VIP business coming into the door. Vegas, though, isn't Wynn's cash cow anymore. China is. Today, around 70% of revenues actually come from Macau, the high-end Chinese gambling district. Macau is Wynn's crown jewel in large part because the firm is one of the few that's been granted a gaming license from the government: Wynn has two properties in Macau, with a third on the way.

Healthy levels of profitability have translated into a $2.2 billion cash position for WYNN -- enough to pay for around 15% of the firm's market capitalization. Concentrated ownership from founder Steve Wynn should align management's incentives with investors, and increase the likelihood of a dividend hike.
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BEAM $83.47 0.02%
IGT $15.58 0.00%
PM $87.42 0.00%
TAP $93.37 0.00%
WYNN $61.05 0.00%


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