Las Vegas Sands Board of Directors Approves $2.75 Per Share Special
LAS VEGAS, NV -- (Marketwire) -- 11/26/12 -- Las Vegas Sands Corp.
(NYSE: LVS) announced today that the company's Board of Directors has
approved a $2.75 per share special cash dividend on its outstanding
common stock payable on December 18, 2012 to shareholders of record
on December 10, 2012.
Las Vegas Sands Chairman Sheldon G. Adelson said returning capital to
its shareholders remains a long-term priority for the company,
including growing the annual dividend, which the company raised to
$1.40 per share beginning in 2013.
"What this special dividend really represents is the unique position
our company currently enjoys in the hospitality, leisure and gaming
industry. The cash flow of our current operations and the strength of
our balance sheet have put us in the enviable position of both
returning capital to our shareholders while at the same time staying
true to our roots as a growth company," said Mr. Adelson.
"Make no mistake about our development strategy," Mr. Adelson
continued. "We will be very aggressive in identifying and targeting
new development opportunities that meet our criteria for investment
return and that will help us grow our cash flow even higher in the
years to come."
About Las Vegas Sands
Las Vegas Sands (NYSE: LVS) is a Fortune 500 company and the leading
global developer of destination properties (Integrated Resorts) that
feature premium accommodations, world-class gaming and entertainment,
convention and exhibition facilities, celebrity chef restaurants, and
many other amenities.
The Venetian(R) and The Palazzo(R), Five-Diamond luxury resorts on
the Las Vegas Strip, and Sands(R) Bethlehem in Eastern Pennsylvania
are the company's properties in the United States. Marina Bay
Sands(R) is the company's iconic Integrated Resort in Singapore's
downtown Marina Bay district.
Through its majority-owned subsidiary Sands China Ltd., the company
owns a portfolio of properties on Macao's Cotai Strip(R), including
The Venetian(R) Macao, Four Seasons Hotel Macao, and Sands Cotai
Central. The company also owns the Sands(R) Macao on the Macao
Las Vegas Sands is committed to global sustainability through its
Sands ECO360 degrees program and is an active community partner
through its various charitable organizations.
For more information, please visit www.lasvegassands.com.
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