Melco Crown Entertainment (MPEL) Declares $1.3212 Special Dividend; 7.9% Yield; Amends Dividend Policy

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Melco Crown Entertainment Limited Announces Declaration and Payment of Special Dividend and Amendment of Dividend Policy

January 12, 2017 7:17 AM EST

MACAU, Jan. 12, 2017 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq: MPEL) ("MCE" or the "Company," "we" or our), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today announced the following:

Declaration of Special DividendMCE announced today that our Board has considered and approved the declaration and payment of a special dividend of approximately US$650 million (representing US$0.4404 per share and US$1.3212 per ADS) (the Special... More