GGRAsia – Wynn Macau proposes US$0.06 a share interim dividend

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Wynn Macau proposes US$0.06 a share interim dividend

Aug 16, 2019 Newsdesk Latest News, Macau, Top of the deck

Wynn Macau proposes US$0.06 a share interim dividend

Macau casino operator Wynn Macau Ltd has declared an interim dividend of HKD0.45 (US$0.06) a share for the first half of 2019.

Wynn Macau Ltd told the Hong Kong Stock Exchange on Thursday that it expected the dividend to be payable on September 16 to shareholders on record on September 3.

Based on Wynn Macau Ltd’s outstanding shares, GGRAsia calculates that the company will pay out almost HKD2.34 billion as an aggregate interim dividend.

Wynn Macau Ltd reported last week that its net profit rose to US$168.6 million in the second quarter of 2019, 5.2 percent more than the year before. Second-quarter revenue grew to US$1.18 billion from US$1.16 billion.

For the first six months of 2019, the company recorded a net profit of nearly US$359.2 million, down 7.1 percent from the prior-year period.

The company runs the Wynn Macau casino hotel, on the Macau peninsula, and the Wynn Palace casino resort (pictured) in the city’s Cotai district. U.S.-based operator of casinos Wynn Resorts Ltd is the parent company of Wynn Macau Ltd.

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