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

NEW YORK ( TheStreet) -- The ex-dividend date for Ameristar Casinos (Nasdaq: ASCA) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $18.28 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Ameristar Casinos has been 289,400 shares per day over the past 30 days. Ameristar Casinos has a market cap of $605.6 million and is part of the services sector and leisure industry. Shares are up 5.8% year to date as of the close of trading on Thursday.

Ameristar Casinos, Inc. develops, owns, and operates casinos and related hotel, food and beverage, entertainment, and other facilities in the United States. It primarily offers slot plays, as well as a range of table games, including blackjack, craps, roulette, and poker. The company has a P/E ratio of 18.2, below the average leisure industry P/E ratio of 21.6 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 compelling growth in net income, revenue growth and expanding profit margins. 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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