Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Boyd GamingBYD -0.27%87 Dividend Payout Ratio is 0.10 as of Jun. 2026, which is at its 10-year median of 0.10. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 346 Travel & Leisure companies, Boyd Gaming ranks better than 93.64% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Boyd Gaming's Dividend Payout Ratio for the
months ended in Jun. 2026 was 0.10.
The historical rank and industry rank for Boyd Gaming's Dividend Payout Ratio or its related term are showing as below:
BYD'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.1 Max: 0.17
Current: 0.1
During the past 13 years, the highest Dividend Payout Ratio of Boyd Gaming was 0.17. The lowest was 0.10. And the median was 0.10.
BYD's Dividend Payout Ratio is ranked better than 93.64% of 346
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs BYD: 0.10
During the past 12 months, Boyd Gaming's average Dividends Per Share Growth Rate was 8.60% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Boyd Gaming was 52.30% per year. The lowest was -13.30% per year. And the median was 22.30% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Boyd Gaming (NYSE:BYD) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Boyd Gaming Dividend Payout Ratio Related Terms
Boyd Gaming Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Boyd Gaming's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BYD vs CZR, MTN, HGV: Dividend Payout Ratio Comparison
For the Resorts & Casinos subindustry, Boyd Gaming's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Boyd Gaming Dividend Payout Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Boyd Gaming's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Boyd Gaming's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Boyd Gaming (BYD) has a Dividend Payout Ratio of 0.10 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Boyd Gaming and its competitors. This is near median its historical median of 0.10. Over the past decade, Boyd Gaming's Dividend Payout Ratio has ranged from 0.10 to 0.17. According to the industry distribution chart, Boyd Gaming ranks #22 out of 346 companies in the Travel & Leisure industry, placing it in the top 6.4%.
Is Boyd Gaming's Dividend Payout Ratio too high?
Boyd Gaming's current Dividend Payout Ratio of 0.10 is near median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.17. The Travel & Leisure industry median Dividend Payout Ratio is 0.43. Boyd Gaming's value of 0.10 is 76.7% below this industry median. Based on the distribution chart, Boyd Gaming ranks #22 out of 346 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Dividend Payout Ratio compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #22 out of 346 companies for Dividend Payout Ratio. This places Boyd Gaming in the top 6% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.43. Boyd Gaming's value of 0.10 is 76.7% below this benchmark. Historically, Boyd Gaming's own Dividend Payout Ratio has ranged from 0.10 to 0.17 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.43, Boyd Gaming has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Travel & Leisure company?
The median Dividend Payout Ratio among Travel & Leisure companies is 0.43, based on 346 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boyd Gaming's current Dividend Payout Ratio of 0.10 is 76.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Dividend Payout Ratio is 0.10, which is near median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Dividend Payout Ratio is 0.10, which is near median its 10-year median of 0.10 and 76.7% below the Travel & Leisure industry median of 0.43. Boyd Gaming's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Boyd Gaming (BYD), the current Dividend Payout Ratio is 0.10 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
Dividend Payout Ratio: 0.10 (near median its 10-year median of 0.10)
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
Industry Position: 76.7% below the Travel & Leisure median (#22 of 346)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
Get the complete analysis for BYD
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BYD has been successfully added to your 
