Boyd Gaming Corporation has expanded its share repurchase program by $500 million and maintained its quarterly dividend of $0.17 per share. With this addition, the company's total buyback authority stands at approximately $843 million as of September 30, 2024.

The company's stock has shown strong performance since its previous $500 million buyback announcement in May 2024, rising from $54.58 to $74.83, reaching near 52-week highs. This marks Boyd's fourth $500 million buyback initiative since June 2022, complementing its quarterly dividend program that was reinstated in February 2022.

The timing of these buybacks has proven strategic, helping absorb significant insider stock sales from early 2024, including transactions by Chairman Emeritus Bill Boyd and CEO Keith Smith totaling approximately $53.4 million.

Boyd Gaming operates an extensive portfolio of properties, including:

• 10 gaming venues in Las Vegas
• Multiple regional casinos across Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania
• A 5% stake in FanDuel, a major online sports wagering platform

The company's continued share repurchase programs and consistent dividend payments demonstrate its strong financial position and commitment to returning value to shareholders.

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