Melco Crown rallies to begin the week

|About: Melco Resorts & Entertain... (MLCO)|By:, SA News Editor

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)