Las Vegas Sun

August 21, 2014

Currently: 78° — Complete forecast | Log in | Create an account

Las Vegas Sands declares $2.26 billion special dividend

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.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy

Previous Discussion: 1 comments so far…

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.

Only trusted comments are displayed on this page. Untrusted comments have expired from this story.

  1. Good for Sheldon, good for the stockholders, good for Las Vegas.

    Mo' Money is a good thing.