Wynn Macau: To Pay Special Dividend Of HK$1.20 Per Share
November 17 2011 - 6:46PM
Dow Jones News
Wynn Macau Ltd. (1128.HK) said Friday it would pay a special
dividend of HK$1.20 per share, marking the second time the Hong
Kong-listed casino operator has declared such a payout.
Those who hold shares through Dec. 7 will be eligible for the
special dividend, which is expected to be paid on Dec. 19, the
company said in a statement.
Last November Wynn Macau declared a special dividend of 76 Hong
Kong cents per share, and said it would consider paying recurring
dividends with a target yield of 1%-3% per year. SJM Holdings Ltd.
(0880.HK) is the only other Macau casino operator to have ever paid
dividends, though analysts have said other operators such as Sands
China Ltd. (1928.HK) and MGM China Holdings Ltd. (2282.HK) could
also start paying dividends in coming years.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com