Boyd Gaming Corporation (BYD) will suspend its quarterly dividend due to the impact of the COVID-19 pandemic. Last year the gaming company raised its quarterly dividend by 16.7 percent to $0.07 per share.

Boyd Gaming Corporation initiated a quarterly dividend in 2017 and had raised its dividend in both 2018 and 2019 prior to today's dividend suspension.

Boyd Gaming Corporation is a multi-jurisdictional gaming company, operating gaming entertainment properties in seven states. Headquartered in Las Vegas, Boyd operates wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. The company derives the majority of its revenues from its gaming operations, with Food & Beverage revenues being its next most significant revenue source. Boyd Gaming Corporation has been in operation since 1975 and initiated a quarterly dividend in 2017.