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

NEW YORK ( TheStreet) -- The ex-dividend date for Ameristar Casinos Inc (Nasdaq: ASCA) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $16.72 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Ameristar Casinos has been 367,000 shares per day over the past 30 days. Ameristar Casinos has a market cap of $548.6 million and is part of the services sector and leisure industry. Shares are up 7.5% year to date as of the close of trading on Wednesday.

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 93.4, below the average leisure industry P/E ratio of 840.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ameristar Casinos as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Ameristar Casinos Ratings Report.

See our dividend calendar or top-yielding stocks list.

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