Macau casino operator Sands China Ltd said shareholders have approved a final dividend of HKD1.00 (US$0.13) per share for the year ended December 31, 2014.
The payout – approved by the firm’s annual general meeting on Wednesday – 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 had said in a filing to the Hong Kong Stock Exchange in March.
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.
During Wednesday’s meeting, Sands China shareholders also re-elected to the board company chairman Sheldon Adelson as executive director, Michael Leven as non-executive director, and David Turnbull and Victor Hoog Antink as independent non-executive directors.
Mr Adelson took over the role of chief executive in Sands China earlier this year, replacing Edward Tracy, who retired in March.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia