Asia Entertainment & Resources (AERL) Updates Semi-Annual Dividend Policy
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Asia Entertainment & Resources Ltd. (NASDAQ: AERL) had authorized a regular semi-annual dividend of $0.10 per outstanding ordinary share each year after the release of the Company’s financial results for the six months ending June 30, and, for each year after the release of the Company’s year-end financial results, an amount per outstanding ordinary share equal to (i) 15% of the Company’s non-GAAP net income for the most recently completed fiscal year less the amount paid pursuant to the six month dividend, divided by (ii) the number of ordinary shares outstanding on the record date for such dividend.
AERL also announces that, beginning with the 2012 Six Month Dividend, the regular semi-annual dividend will be increased from $0.10 per outstanding ordinary share to $0.12 per outstanding ordinary share. The Annual Dividend has not been modified.
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AERL also announces that, beginning with the 2012 Six Month Dividend, the regular semi-annual dividend will be increased from $0.10 per outstanding ordinary share to $0.12 per outstanding ordinary share. The Annual Dividend has not been modified.
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