International edition
June 21, 2021

Third-quarter earnings fell 28 %

Ameristar Casinos does not plan fourth quarter dividend

(US).- Ameristar Casinos said this week that it does not plan to declare a dividend for the fourth quarter of 2008. It attributed its decision to the credit market crunch, which has made it difficult for the firm to refinance a portion of senior debt to improve its senior leverage ratio. During each of the first three quarters, the board declared quarterly cash dividends of 10.5 cents per share.

D

uring 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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