Monarch Casino & Resort Declares $0.30 Quarterly Dividend
Monarch Casino & Resort, Inc., a gaming and hospitality company operating properties in Nevada and Colorado, declared a quarterly cash dividend of $0.30 per share. The dividend is payable June 15, 2026, to shareholders of record as of June 1, 2026.
Monarch Casino & Resort, Inc. (NASDAQ: MCRI), a gaming and hospitality company operating the Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Black Hawk in Colorado, declared a quarterly cash dividend of $0.30 per share on April 21, 2026. The dividend will be paid on June 15, 2026, to shareholders of record as of June 1, 2026. Read more dividend announcements.
The payment marks the second installment of the company's previously announced annual cash dividend of $1.20 per share, which is distributed in quarterly payments of $0.30 each. The company paid the same $0.30 quarterly amount on March 16, 2026.
The quarterly dividend is subject to ongoing review and evaluation by the company's Board of Directors each quarter. The company funded the March dividend from operating cash flow, totaling $5.4 million.
| Dividend Detail | Information |
|---|---|
| Amount | $0.30 per share |
| Record Date | June 1, 2026 |
| Payment Date | June 15, 2026 |
| Frequency | Quarterly |
Record First Quarter Results
The dividend announcement accompanied record first quarter financial results for the period ended March 31, 2026. Net revenue increased 8.9% to $136.6 million from $125.4 million in the same period last year. Net income jumped 38.9% to $27.6 million, while diluted earnings per share rose 44.8% to $1.52 from $1.05.
The company generated adjusted EBITDA of $49.0 million in the first quarter, representing a 19.0% increase compared to $41.1 million in the year-ago period. Adjusted EBITDA margin expanded approximately 300 basis points to a record first quarter margin of 35.8% from 32.8% in the prior-year quarter.
John Farahi, co-chairman and chief executive officer, said the increases in revenue and adjusted EBITDA highlighted the company's ability to drive sustained growth from its two properties. He noted the company increased market share year-over-year at both Atlantis and Monarch Black Hawk.
Balance Sheet and Capital Allocation
As of March 31, 2026, Monarch held cash and cash equivalents of $120.1 million with no borrowings against its credit facility. Capital expenditures of $7.6 million in the first quarter were funded from operating cash flow and included maintenance projects at both properties.
During the first quarter, the company repurchased 181,258 shares of its common stock in the open market for $17.6 million, funded from operating cash flow. As of March 31, 2026, the company had 971,503 shares remaining under its authorization to repurchase up to 3.0 million shares.
The company said it has been evaluating potential merger and acquisition transactions that could drive additional long-term value for stockholders.