Wynn Macau Adjusts Dividend Policy, Resumes Payments

The dividend plan of Wynn Macau, a branch of Wynn Resorts, has been modified. The board of the corporation will now convene twice a year to recommend regular dividends, with the potential for supplementary special payments throughout the year.

Interestingly, there isn’t a set minimum payout amount.

Wynn Macau is taking this step as it starts paying dividends again. A final dividend of HK$0.075 per share for 2023 was announced by the firm, and it is due in June.

This follows a fantastic first quarter in which adjusted earnings increased by a staggering 118% year over year and 14.3% sequentially.

A separate vote by shareholders demonstrated their continued faith in the leadership, with a resounding vote reinstating President Linda Chen and CEO Craig Billings.

Original Story by: Asian Gaming Brief