Third-quarter earnings fell 28 %
Ameristar Casinos does not plan fourth quarter dividend
2008-11-13
Reading time 18 seg
During each of the first three quarters of 2008, Ameristar’s board declared quarterly cash dividends of 10.5 cents per share.
Also Monday, Ameristar said third-quarter earnings fell 28 % as the company booked one-time costs related to spending in support of two state ballot initiatives and the rebranding of a new property.
Ameristar shares jumped 35 cents, or 4.6 %, to us$ 8.04 in morning trading. The stock has traded between us$ 5.21 and us$ 32.55 during the past 52 weeks.
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