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Asia Entertainment to Pay Reduced Dividend

Macau VIP party room promoter Asia Entertainment & Resources (NASDAQ: IKGH  ) 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.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 30, 2013, at 10:06 AM, starboy340 wrote:

    Sorry Mr Dupree, you didn't do your due diligence.

    The company which had approximately 40 million shares, had a rights offering that expanded its outstanding shares to 60 million.

    Hence the change in dividend is NOT a reduction, but rather a re-calibration of the existing dividend based on the increased number of shares.

    This type of headline coming under the Motley Fool banner is dangerous in that it will mislead and thus reflects back on Motley Fool. publishing junk like this without checking details is not fiduciarily sound.

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