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Asia Entertainment to Pay Reduced Dividend

Friday - 8/30/2013, 4:11am  ET

Macau VIP party room promoter Asia Entertainment & Resources announced 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 data by YCharts.

This article was originally published as Asia Entertainment to Pay Reduced Dividendon Fool.com

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