MGM Resorts (MGM) Initiates $0.11 Quarterly Dividend; 1.5% Yield

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Go back to MGM Resorts (MGM) Initiates $0.11 Quarterly Dividend; 1.5% Yield

MGM Resorts International Reports Fourth Quarter And Full Year Financial And Operating Results; Announces Quarterly Dividend

February 16, 2017 7:40 AM EST

LAS VEGAS, Feb. 16, 2017 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and full year ended December 31, 2016 and announced a quarterly dividend.

"In 2016, MGM Resorts produced diluted earnings per share of $1.92 and delivered the best same-store domestic Adjusted Property EBITDA and Adjusted Property EBITDA margins in nine years. The achievement of key financial and strategic milestones demonstrates our continued focus on driving profitability and shareholder value, strengthening our balance sheet, and further positioning MGM Resorts as a leading entertainment and... More