Sands China declares 2016 final dividend
Macau casino operator Sands China Ltd on Friday said its board had approved a final dividend of HKD1.00 (US$0.1288) per share. Sands China said it expects to pay the dividend on June 23 to shareholders whose names appear on the register of members on June 5.
The proposed final dividend is subject to the approval of shareholders at the annual general meeting on May 26, the firm said in a filing to the Hong Kong Stock Exchange.
In January, Sands China’s board had announced an interim dividend of HKD0.99 per share.
Net revenues for Sands China – on a U.S.-generally accepted accounting principles (GAAP) basis – declined 2.5 percent to US$6.69 billion in 2016, compared to US$6.86 billion in 2015. Net income fell by 15.9 percent year-on-year to US$1.22 billion in 2016.
The stock of Sands China offered investors a one-year return of 36.79 percent in 2016, according to Bloomberg data collated by GGRAsia.
Features
-
E-Sports and potential to bring millennials to casinos Nowadays, millennials, people who were born in the 1980s or... -
Food and drink major non-gaming push: Macau casino ops Food and drink have been heavily marketed as part of Macau... -
Macau law needs revamp to allow more concessions: experts Macau’s gaming law needs to be amended in order to...
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Another bus biz details Macau casino link via HKZM Bridge October 22, 2018 
Beijing’s top man in Macau dies after reported fall October 22, 2018 
HKZM Bridge open to traffic Oct 24: Macau govt October 20, 2018 
Owner of CoD Manila operator drops delist plan October 22, 2018