Asia Entertainment to Pay Reduced Dividend

Rich Duprey, The Motley Fool
Updated

Macau VIP party room promoter Asia Entertainment & Resourcesannounced today its semi-annual dividend of $0.08 per share would be payable on September 20 to holders of record at the close of business on September 9.

Previously, the board of directors had authorized a regular dividend each year after the release of the company's financial results for the six months ending June 30. It reduced the six-month dividend by 33% from $0.12 per share. The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 4% based on the closing price today of Asia Entertainment & Resources' stock.

AERL Dividend Chart
AERL Dividend Chart


AERL Dividend data by YCharts.

The article Asia Entertainment to Pay Reduced Dividend originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement