Wynn Resorts Issues a Special Dividend

Led by billionaire CEO Steve Wynn, Wynn Resorts Ltd. (NASDAQ:WYNN) shares rose sharply after the casino operator declared a $5 special dividend.

Wynn Resorts $5 dividend will be paid Dec. 21 to shareholders of record as of Nov. 23. The company operates casinos in Las Vegas and Macau, China. The company issued an $8 special dividend last year. Investors were disappointed when Wynn said it was issuing another special dividend.

Here’s how the stock is trading on the news:

  • Wynn Resorts Ltd. (NASDAQ:WYNN): The shares recently traded at $132.68, up $4.07, or 3.16%. Its market capitalization is $16.48 billion. They have traded in a 52-week range of $99.21 to $172.58. Volume today was 3,259,519 shares versus a 3-month average volume of 3,721,980 shares. The company’s trailing P/E is 30.97, while trailing earnings are $4.28 per share. The company pays a dividend of $2.00 per share for a dividend yield of 1.40%. About the company: Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships. Get the most recent company news and stock data here >>