LVS Board Of Directors Authorized $2B In Future Stock Repurchases
Portfolio Pulse from Benzinga Newsdesk
Las Vegas Sands (LVS) has announced that its Board of Directors has authorized $2 billion for future stock repurchases and increased the annual dividend to $1.00 per share for 2025. This move is part of their strategy to return excess capital to shareholders.
October 23, 2024 | 8:37 pm
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Las Vegas Sands has authorized $2 billion for future stock repurchases and increased its annual dividend to $1.00 per share for 2025. This indicates a strong commitment to returning capital to shareholders.
The authorization of $2 billion for stock repurchases and the increase in annual dividend are positive signals to investors, indicating confidence in the company's financial health and a commitment to shareholder returns. This is likely to have a positive impact on LVS's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100