(Source: Business Wire)
Wynn Resorts, Limited (Nasdaq:WYNN), announced today that its Board of
Directors declared a special cash dividend of $4.00 per share on its
outstanding common stock. This dividend will be payable on December 3,
2009, to stockholders of record on November 19, 2009. The stock will
begin to trade ex-dividend on November 17, 2009.
The Company's Board of Directors also approved the commencement of a
regular cash dividend program, beginning in 2010. It is currently
anticipated this regular cash dividend will be $0.20 per share of common
stock for the first quarter of 2010, payable in the second quarter of
2010.
Forward-looking Statements
This release contains forward-looking statements regarding payment of
certain cash dividends by the Company. Such forward-looking information
involves important risks and uncertainties that could significantly
affect payment by the Company of the cash dividends. The risks and
uncertainties include, but are not limited to competition in the
casino/hotel and resorts industries, the Company's dependence on
existing management, levels of travel, leisure and casino spending,
general economic conditions, and changes in gaming laws or regulations.
Additional information concerning potential factors that could affect
payment by the Company of the cash dividends is included in the
Company's Annual Report on Form 10-K for the year ended December 31,
2008 and the Company's other periodic reports filed with the Securities
and Exchange Commission. The Company is under no obligation to (and
expressly disclaims any such obligation to) update its forward-looking
statements as a result of new information, future events or otherwise.
A service of YellowBrix, Inc.
