LAS VEGAS, June 8, 2018 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) today announced that its Board of Directors has increased the Company's quarterly cash dividend to
$0.06 per share, up from the prior quarterly dividend of $0.05 per
share. The dividend is payable on July 15, 2018, to shareholders of record at the close of
business on June 29, 2018.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, "Thanks to our strong
and growing free cash flow, we are able to strengthen our ongoing capital return program through a 20% increase in our cash
dividend. We remain committed to a well-balanced approach to creating shareholder value through investing in accretive
growth opportunities, continued deleveraging, and returning capital to shareholders through a combination of share repurchases
and dividend payments."
Forward-looking Statements and Company Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as
"may," "will," "might," "expect," "believe," "anticipate," "could," "would," "estimate," "continue," "pursue," or the negative
thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals
or intentions regarding future performance. In addition, forward-looking statements in this press release include statements
regarding: the Company's strong and growing free cash flow, the Company's ability to strengthen its ongoing capital return
program, and its commitment to a well-balanced approach to creating shareholder value through growth opportunities, deleveraging,
share repurchases and dividends. Forward-looking statements involve certain risks and uncertainties, and actual results may
differ materially from those discussed in any such statement. These risks and uncertainties include, but are not limited to:
fluctuations in the Company's operating results; recovery of its properties in various markets; the political climate and its
effects on consumer spending and its impact on the travel industry; the state of the economy and its effect on consumer spending
and the Company's results of operations, including its effect on the Company's business and the local economies where the
Company's properties are located; the receipt of legislative, and other state, federal and local approvals for the Company's
development projects; whether online gaming will become legalized in various states, the Company's ability to operate online
gaming profitably, or otherwise; consumer reaction to fluctuations in the stock market and economic factors; the fact that the
Company's expansion, development and renovation projects (including enhancements to improve property performance) are subject to
many risks inherent in expansion, development or construction of a new or existing project; the effects of events adversely
impacting the economy or the regions from which the Company draws a significant percentage of its customers; competition;
litigation; financial community and rating agency perceptions of the Company and its subsidiaries; changes in laws and
regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital
market conditions; and the effects of war, terrorist or similar activity. Additional factors that could cause actual results to
differ are discussed under the heading "Risk Factors" and in other sections of the Company's Annual Report on Form 10-K, its
Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. All
forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as
of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 24
gaming entertainment properties in seven states. The Company currently operates nearly 1.4 million square feet of casino
space, more than 31,000 gaming machines, 630 table games, 9,400 hotel rooms and more than 280 food and beverage outlets.
With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an
outstanding entertainment experience, delivered with unwavering attention to customer service. For additional Company
information and press releases, visit www.boydgaming.com.
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SOURCE Boyd Gaming Corporation