LAS VEGAS--(BUSINESS WIRE)--Nov. 5, 2013--
Wynn Resorts, Limited (NASDAQ: WYNN) announced today that its Board of
Directors has approved a cash dividend of $3.00 per share on its
outstanding common stock. This dividend will be payable on December 6,
2013, to stockholders of record on November 20, 2013. The stock will
begin to trade ex-dividend on November 18, 2013.
Additionally, the Company plans on increasing its quarterly dividend by
25% to $1.25 per share in 2014.
At the conclusion of the Board meeting, Steve Wynn, Wynn Resorts
Chairman and CEO, announced that Matt Maddox, the Company’s Chief
Financial Officer and Treasurer, will assume the additional duties of
President of Wynn Resorts. Mr. Maddox joined the Company in 2002 and
previously served as Chief Financial Officer of Wynn Resorts, Macau, as
well as Senior Vice President of Business Development. Mr. Maddox also
serves as an officer on several of the Company’s subsidiaries. Steve
Wynn will continue to hold the position of the Company’s Chairman and
CEO.
Source: Wynn Resorts, Limited
Wynn Resorts, Limited
Lewis Fanger, 702-770-7555
Vice President
investorrelations@wynnresorts.com
