Las Vegas Sands Corp. (LVS) said Wednesday that its Board of Directors has approved a multi-year share repurchase program.
The company said the initial authorization for the share repurchase program is $2 billion and the company expects to utilize the program in an opportunistic fashion.
In 2012, the company's Board of Directors established a recurring dividend of $1.00 per share per year, and increased the recurring dividend by 40% to $1.40 per share in 2013. In addition, the company paid a special dividend of $2.75 per share in December 2012.
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