On Wednesday, Red Rock Resorts Inc (Symbol: RRR) shares traded as low as $49.98, yielding over 2% based on an annualized quarterly dividend of $1. This yield is significant considering that dividends have historically contributed to a considerable part of the stock market’s total return.
For example, if an investor had purchased shares of the iShares Russell 3000 ETF (IWV) on May 31, 2000, they would have experienced only a marginal loss over twelve years, but earned $10.77 per share in dividends, resulting in a total return of 13.15%. As a member of the Russell 3000, Red Rock Resorts stands out among the largest companies on U.S. stock markets.
Dividend amounts can fluctuate based on company profitability, making it essential to assess historical data to gauge the sustainability of the recent 2% annual yield for RRR.
