Plus   Neg

Wynn Resorts Raises Dividend - Quick Facts

Wynn Resorts, Limited (WYNN) announced an increased dividend of $0.75 per share, beginning first quarter, 2018. This results in a dividend rate of $3.00 per share for the year.

The dividend increase was announced during an update presentation to the investment community regarding recent operational and financial results as the company marks the first month since the appointment of Matt Maddox as its new CEO. The company said the results for the quarter through February 28th were strong, with expected total adjusted
Property EBITDA up between 27% and 34% over prior year.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Car rental company Hertz Global Holdings Inc. and biometric technology company CLEAR announced the introduction of biometric ID technology for car rentals. "Hertz Fast Lane powered by CLEAR" is a new service that allows travellers at airports to use fingerprint scanners and facial recognition technology to collect a rental car, instead of showing a physical ID. The recent massive cyber-attack on hotel chain Marriott International Inc. was part of a Chinese intelligence-gathering effort, the New York Times reported Tuesday, citing two people briefed on the investigation. The data breach affected about 500 million guests of the hotel chain. According to the NYT report, the hackers are suspected of working on behalf of the Ministry of State Security. Verizon Communications Inc. said that about 10,400 employees, or nearly 7 percent of its workforce, have accepted the company's voluntary buyout offer that was first announced in September. The voluntary buyout program is part of Verizon's efforts to cut costs and trim its workforce as it focuses on optimizing growth opportunities in 5G network service.
Follow RTT