Las Vegas Sands (LVS) Declares $2.75 Special Dividend; 6.2% Yield

November 26, 2012 4:53 PM EST
Las Vegas Sands (NYSE: LVS) declared a special dividend of $2.75 per share.

The dividend will be payable on December 18, 2012, to stockholders of record on December 10, 2012.

The annual yield on the dividend is 6.2 percent.

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.

"What this special dividend really represents is the unique position our company currently enjoys in the hospitality, leisure and gaming industry. The cash flow of our current operations and the strength of our balance sheet have put us in the enviable position of both returning capital to our shareholders while at the same time staying true to our roots as a growth company," said Mr. Adelson.

"Make no mistake about our development strategy," Mr. Adelson continued. "We will be very aggressive in identifying and targeting new development opportunities that meet our criteria for investment return and that will help us grow our cash flow even higher in the years to come."

For a dividend history and other dividend-related data on Las Vegas Sands (LVS) click here.


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