Mail Box Money: WYNN Resorts Dividends

Steve Wynn is # 1 Shareholder Friendly CEO

Steve Wynn is # 1 shareholder friendly CEO.  On Wednesday WYNN Resorts announced an $8 special dividend and raised their regular dividend 100%, from $.50 per quarter to $1.00 per quarter.  Prior to earnings release the stock was trading for $113 in change, which equates to a 2011 yield of 8.8%.  Assuming another $8 special dividend in 2013 and the yield rises to 11%.  Did I mention that WYNN resorts is also growing bottom line earnings 4-6% and has a $4 billion Cotai project in the backlog?  Not many investments come along with significant yield, significant growth, and a pristine balance sheet.  WYNN resorts is the ultimate mail box money for stock investors. 

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