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.
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