MGM Resorts price target raised to $35 from $30 at FBR Capital FBR Capital raised its price target for shares of MGM Resorts to $35 citing the company's strong Q1 results. The firm keeps an Outperform rating on the stock.
MGM Resorts and Infinity World announce approval of $400M special dividend MGM Resorts and Infinity World Development announced a special dividend and the adoption of an annual distribution policy by CityCenter Holdings. CityCenter approved a $400M special dividend, which will be paid on or about April 30, 2015. The owners will each receive $200M, representing their pro rata share. In addition, CityCenter has approved the adoption of a regular dividend policy pursuant to which it will make annual distributions of up to 35% of excess cash flow subject to approval by the CityCenter board.