Its giving his stock a boost. I dont have a position long or short. Some companies send products or perks to shareholders (Wrigley used to send chewing gum, Bershire gives discounts at many of its portfolio companies). Perhaps Wynn should be sending free play vouchers or promotional chips to shareholders for Vegas play only. It's crystal clear Macau is paying for this dividend.
Wynn Resorts Declares $5 Cash Dividend
LAS VEGAS, Nov 02, 2011 (BUSINESS WIRE) --
Wynn Resorts, Limited (Nasdaq: WYNN), announced today that its Board of Directors declared a cash dividend of $5.00 per share on its outstanding common stock. This dividend will be payable on December 21, 2011, to stockholders of record on November 23, 2011. The stock will begin to trade ex-dividend on November 21, 2011.
when man determined to destroy himself he picked the was of shall and finding only why smashed it into because."
— E.E. Cummings