Seeking Alpha

Melco Crown rallies to begin the week

  • Shares of Melco Crown (MPEL +4.3%) start the week off on a rush to recover the ground lost last week.
  • In the filing on Friday in Hong Kong, the company revealed details on its plan to provide shareholders with semi-annual dividends equal to approximately to 20% of the company’s annual consolidated net income attributable to shareholders. A special dividend is also in the works for shareholders.
  • Melco Crown filing (.pdf)
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Comments (2)
  • Michael Bryant
    , contributor
    Comments (5819) | Send Message
     
    "semi-annual dividends equal to approximately to 20% of the company’s annual consolidated net income..."

     

    Last year, (MPEL) made $0.75/share, 20% would be $0.15 or about 4% based of a $39 share price.
    31 Mar 2014, 07:20 PM Reply Like
  • The Vice Investor
    , contributor
    Comments (45) | Send Message
     
    0.4% ... <3
    2 Apr 2014, 07:38 AM Reply Like
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