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Monday, Nov. 26, 2012 | 2:23 p.m.
Casino operator Las Vegas Sands Corp. plans to pay a special dividend of $2.75, distributing about $2.26 billion to its shareholders by the end of the year.
The company says the dividend will be payable Dec. 18 to shareholders of record on Dec. 10. Chairman Sheldon Adelson says returning capital to shareholders is a priority for the company.
The casino operator is the latest company to move up its quarterly payout or issue a special end-of-year payment to protect investors from potentially having to pay higher taxes on dividend income starting in January.
Las Vegas Sands runs casinos in Las Vegas, Pennsylvania, Singapore and Macau. The company had 823.4 million shares on the market as of Nov. 1.
I guess Adelson should rethink his hatred of Obama and his economic policies. They seem to be super good for Sands.
Frankly offended by the comment of, BarryS. I mean mere implications that Obama would have anything to do with promoting the greatest economic inequity this country is capable of are simply, outrageous!! (Sure, that doesn't mean they aren't true but with the impression of the man firmly established as anti-Bush, etc...it's outrageous to not be specific about his lies that syphon off directly dealing with corporations still getting whatever they friggin want!!!)
Good for Sheldon, good for the stockholders, good for Las Vegas.
Mo' Money is a good thing.
Thank you Sheldon and Board of Directors!!!!!
You have made my and alot of shareholders Christmas incredible! I'm glad this incredible company is doing great!
Doesn't Mr. Adelson own 51% plus of all outstanding shares? If so that means hes paying himself 1 billion +. Its just amazing to me the slightest of increases on gaming taxes would sink his company and yet he can manage to find 2+ billion to pay dividends to himself and whoever.
1 billion for me, and peanuts for the workers---this guy is not as bad as weinberg with the employees, but he is a close second! still crying after paying next to nothing in nevada to operate and stiffing everyone in town---everyone forgot about the many small businesses he put out of business with his lawyer tactics and refusing to pay for work that they did on his properties--he put DOZENS of small businesses out of businesses and then gives himself a billion dollar bonus for screwing everyone---nice. Why would anyone go into his properties or weinbergs or fertitas----they are the elitist against the workers.
I've been saying all along that these types of things will happen unless something is offered to corporations that will help thier bottom line. Its all about the money, always is, always will be.
Please mrlucky, don't even mention Fertittas. I just ate.