Las Vegas Sands May Pay Special Dividend (LVS)
Reports released on Friday suggests that resort company, Las Vegas Sands Corp. (LVS) may pay a special dividend this month.
A person close to the company reported that LVS will be considering a special dividend at its board meeting later this month. The company’s founder, Sheldon Adelson has always had the goal of giving more cash to the company’s shareholders. The company reported that it now has $2.5 billion in cash.
The company paid its last special dividend last December as many investors remained concerned about the Fiscal Cliff impact. The special dividend was $2.75 per share, totaling $3.09 billion.
It is unknown how much the next possible special dividend would be.
Las Vegas Sands shares were down .49 cents, or -0.88% during premarket trading Monday. The stock has declined -8% in the past year.
The Bottom Line
Shares of Las Vegas Sands Corp. (LVS) have a 2.50% yield, based on Friday’s closing price of $55.99.
Las Vegas Sands Corp. (LVS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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