Las Vegas Sands Suspends Dividend During Pandemic
Las Vegas Sands (NYSE: LVS) says that although its balance sheet remains strong during the coronavirus pandemic, it is temporarily suspending its dividend program. However, because it remains financially fit, it will continue with its capital expenditure program in Macao and Singapore.
The resort operator last paid a dividend of $0.79 per share on Jan. 29 and was yielding 6.9% annually at the time it announced the payout's suspension.
Image source: Las Vegas Sands.
Source Fool.com
