Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has approximately 511 gaming tables and 572 gaming machines; approximately 770 rooms, and suites and villas; approximately 25 restaurants and bars, and 165 retail outlets; and health and fitness clubs, three swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 101 gaming tables and 121 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising a spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets that comprises 290 gaming tables and 645 gaming machines in Cotai, Macau. Further, the company owns and operates seven Mocha Clubs with 813 gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; a casino in Limassol and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is headquartered in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.
Melco Resorts & Entertainment Dividend Announcement
• Melco Resorts & Entertainment announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2020-03-12. Ex dividend date: 2020-02-28
• Melco Resorts & Entertainment's trailing twelve-month (TTM) dividend yield is -%
Melco Resorts & Entertainment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2020-02-28 | $0.17 | quarterly | 2020-03-12 |
2019-11-08 | $0.17 | quarterly | 2019-11-22 |
2019-08-02 | $0.17 | quarterly | 2019-08-15 |
2019-05-17 | $0.16 | quarterly | 2019-05-30 |
2019-03-01 | $0.15 | quarterly | 2019-03-14 |
2018-11-16 | $0.15 | quarterly | 2018-11-29 |
2018-08-03 | $0.15 | quarterly | 2018-08-15 |
2018-05-11 | $0.14 | quarterly | 2018-05-23 |
2018-02-16 | $0.14 | quarterly | 2018-03-07 |
2017-11-13 | $0.09 | quarterly | 2017-11-30 |
2017-08-04 | $0.09 | quarterly | 2017-08-23 |
2017-05-12 | $0.09 | quarterly | 2017-05-31 |
2017-02-23 | $0.09 | quarterly | 2017-03-15 |
2017-01-19 | $1.32 | quarterly | 2017-02-10 |
2016-11-10 | $0.04 | quarterly | 2016-11-30 |
2016-08-12 | $0.02 | quarterly | 2016-08-31 |
2016-05-13 | $0.02 | quarterly | 2016-05-17 |
2016-02-26 | $0.64 | quarterly | 2016-03-16 |
2015-11-13 | $0.02 | quarterly | 2015-11-17 |
2015-08-13 | $0.01 | quarterly | 2015-09-04 |
2015-05-21 | $0.03 | quarterly | 2015-06-05 |
2015-03-02 | $0.05 | quarterly | 2015-03-16 |
2014-11-20 | $0.07 | quarterly | 2014-12-11 |
2014-08-21 | $0.08 | quarterly | 2014-09-11 |
2014-05-21 | $0.13 | quarterly | 2014-06-13 |
2014-04-02 | $0.34 | quarterly | 2014-04-16 |
Melco Resorts & Entertainment Dividend per year
Melco Resorts & Entertainment Dividend growth
Melco Resorts & Entertainment Dividend Yield
Melco Resorts & Entertainment current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Melco Resorts & Entertainment stock? Use our calculator to estimate your expected dividend yield:
Melco Resorts & Entertainment Financial Ratios
Melco Resorts & Entertainment Dividend FAQ
Other factors to consider when evaluating Melco Resorts & Entertainment as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Melco Resorts & Entertainment's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Melco Resorts & Entertainment publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Melco Resorts & Entertainment distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Melco Resorts & Entertainment are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Melco Resorts & Entertainment sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Melco Resorts & Entertainment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Melco Resorts & Entertainment declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Melco Resorts & Entertainment's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Melco Resorts & Entertainment's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.