Las Vegas Sands Corporation (LVS) declares special dividendNovember 26, 2012 6:01 PM by Ray Poirier
Fearing tax consequences that could result from lack of Congressional action regarding the so-called “Fiscal Cliff,” the Las Vegas Sands Corp. (LVS) announced on Monday that the directors had agreed to pay a special dividend to shareholders prior to the end of the calendar year.
The special dividend of $2.75 per share will be paid on Dec. 18 to shareholders of record on Dec. 10. Total amount to be paid will be approximately $2.26 billion.
Company founder and Chairman Sheldon Adelson said that returning capital to shareholders was a company priority.
Several publicly-traded companies have announced similar early dividend payments that seek to avoid possible tax increases in 2013.
As for the Las Vegas Sands, it was noted that Adelson and his family control 52 percent of the company.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at RayPoirier@GamingToday.com.
Penn finished 2015 with two Vegas properties, the M Resort and the Tropicana. They expect to spend much of 2016 installing new games, additional food outlets and paying close attention to the competition.
Super Bowl Props Betting Capsule | Will the Broncos score in all four quarters of the Super Bowl? Will the Panthers? Will there be more goals in the three NHL games early Sunday than there will be points in the second quarter of Super Bowl 50?
NFL Super Bowl Betting Capsule | For the third straight season, No. 1 seeds from both conferences will joust in the Super Bowl when the Denver Broncos and Carolina Panthers meet Sunday in Santa Clara, Calif.
More than a dozen new restaurants and bars will be coming to Boyd Gaming properties in the Las Vegas during the next year as the Las Vegas-based public company keeps its emphasis on nongaming amenities for the time being.
Super Bowl 50 hype should forget Cam Newton's “race” or Peyton Manning’s likely ride into the sunset. We have a network audience held hostage and the troops coming in to support sports betting.