Las Vegas Sands board approves $2.75 per share special dividend Las Vegas Sands announced that the company's board has approved a $2.75 per share special cash dividend on its outstanding common stock payable on December 18 to shareholders of record on December 10. Las Vegas Sands Chairman Sheldon G. Adelson said returning capital to its shareholders remains a long-term priority for the company, including growing the annual dividend, which the company raised to $1.40 per share beginning in 2013.
News For LVS From The Last 14 Days
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Macau estimates lowered at Morgan Stanle Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
Las Vegas Sands receives construction permit for Parisian Macao Las Vegas Sands announced that the company has received the government permit needed for construction on the $2.7B Parisian Macao to resume this week. The company said additional permits will be necessary as the development continues, but after undergoing a brief work stoppage, this approval enables work on the critical podium structure to restart immediately.