Sands China approves 2017 final dividend

The board of Macau operator Sands China has approved a final dividend of €0.1037 per share for 2017.

Macau.- Shareholders finally know how much Sands China Ltd. will pay them after the Macau casino operator’s board approved a final 2017 dividend of €0.1037 per share. The company revealed on Friday that it expects to pay the dividend on June 22nd to stockholders whose names appear on the register of members on June 4th.

Sands China’s board had already announced an interim dividend of €0.1026 in January, but has finally agreed on the definitive figure last week. However, the firm reported in a filing to the Hong Kong Stock Exchange that the definitive dividend is still subject to the approval of shareholders at an annual general meeting on May 25th.

In 2017, net revenues for Sands China increased 15.7 per cent to €6.29 billion, compared to €5.44 billion in 2016. Furthermore, net income for the company increased 31.1 per cent to €1.3 billion in 2017, compared to €992 million in 2016.

According to earlier statements from US-based parent firm Las Vegas Sands Corp, Sands China is expected to invest nearly €900 million to revamp its Cotai venues. The process would include the rebranding of Sands Cotai Central as the Londoner Macao and an increase in the number of hotel rooms available at its properties.