Wynn Macau (HK:1128) has released an update.
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Wynn Macau, Limited has announced an immediate change to its dividend policy, effective from May 30, 2024, which includes semi-annual board meetings to consider dividend declarations and the possibility of special dividends. The new policy does not specify a fixed dividend payout ratio but will depend on various factors including financial results, cash flow, and legal restrictions. The Board retains the right to alter the policy at any time, and cautions shareholders and investors to be prudent in their dealings with the company’s securities.
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