MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and operates MGM Macau, an integrated resort that includes a casino with 845 slot machines and 289 gaming tables; a hotel with 585 hotel rooms, suites, and villas; and amenities, including 8 restaurants, retail outlets, pool, and spa facilities, as well as a convention space. The company also owns MGM Cotai, a resort that consists of a casino with 839 slot machines and 263 gaming tables; a hotel with 1,418 hotel rooms, suites, and skylofts; 12 restaurants and bars; retail outlets; and a meeting space, as well as other non-gaming offerings. In addition, MGM China Holdings Limited is involved in the provision of outsourcing services, including information technology, accounting, human resources, hotel reservation, and convention consultation. The company was incorporated in 2010 and is headquartered in Macau. MGM China Holdings Limited is a subsidiary of MGM Resorts International Holdings, Ltd.
MGM China Dividend Announcement
• MGM China announced a quarterly dividend of $0.05 per ordinary share which will be made payable on 2024-10-04. Ex dividend date: 2024-09-11
• MGM China annual dividend for 2024 was $0.09
• MGM China's trailing twelve-month (TTM) dividend yield is 1.1%
• MGM China's payout ratio for the trailing twelve months (TTM) is 12.19%
MGM China Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-11 | $0.05 | quarterly | 2024-10-04 |
2024-06-06 | $0.03 | quarterly | 2024-06-20 |
2024-04-08 | $0.01 | quarterly | 2024-04-23 |
2020-06-03 | $0.01 | quarterly | 2020-06-19 |
2019-08-14 | $0.01 | quarterly | 2019-08-29 |
2019-05-30 | $0.00 | quarterly | 2019-06-20 |
2018-08-21 | $0.01 | quarterly | 2018-09-10 |
2018-05-30 | $0.01 | quarterly | 2018-06-19 |
2017-08-16 | $0.01 | quarterly | 2017-09-08 |
2017-05-31 | $0.02 | quarterly | 2017-06-16 |
2016-08-16 | $0.01 | quarterly | |
2016-05-31 | $0.01 | quarterly | |
2015-08-18 | $0.02 | quarterly | |
2015-05-20 | $0.03 | quarterly | |
2015-03-04 | $0.10 | quarterly | |
2014-08-19 | $0.04 | quarterly | |
2014-05-16 | $0.03 | quarterly | |
2014-03-04 | $0.13 | quarterly |
MGM China Dividend per year
MGM China Dividend growth
MGM China Dividend Yield
MGM China current trailing twelve-month (TTM) dividend yield is 1.1%. Interested in purchasing MGM China stock? Use our calculator to estimate your expected dividend yield:
MGM China Financial Ratios
MGM China Dividend FAQ
Other factors to consider when evaluating MGM China 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: MGM China'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, MGM China 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, MGM China 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 MGM China 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: MGM China 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, MGM China distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MGM China 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 MGM China'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 MGM China'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.