Macau casino operator Sands China Ltd on Friday said its board had recommended a final dividend of HKD1.00 (US$0.13) per share for the year ended December 31, 2014.
The payout – subject to approval by the firm’s annual general meeting on June 17 – is expected to be paid on July 15. It will be available to shareholders whose names appear on the register of members of the company as of June 24, the company said in a filing to the Hong Kong Stock Exchange.
On January 23, Sands China had announced an interim dividend of HKD0.99 per share, a 13.8 percent increase over the previous year’s interim dividend.
The firm said at the time that the interim payout represented HKD7.99 billion in capital returned to eligible shareholders.
Net revenues for Sands China increased 6.8 percent to US$9.57 billion in 2014 and net income rose 15.4 percent to US$2.55 billion, parent company Las Vegas Sands Corp reported in January.
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"The six Macau casino operators should not be penalised for upping expenditure on player incentives, so long as their EBITDA margins are not materially diluted”
George Choi and Ryan Cheung
Analysts at Citigroup