Melco Crown Entertainment Limited (MLCO) to Issue Quarterly Dividend of $0.09 on November 30th

Melco Crown Entertainment Limited (NASDAQ:MLCO) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, November 14th will be paid a dividend of 0.09 per share on Thursday, November 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, November 13th. This is a positive change from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03.

Shares of Melco Crown Entertainment Limited (MLCO) opened at $25.20 on Friday. Melco Crown Entertainment Limited has a 12 month low of $14.89 and a 12 month high of $26.54. The stock has a market cap of $12,397.77, a price-to-earnings ratio of 30.00, a PEG ratio of 1.04 and a beta of 1.92. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.14.

A number of equities research analysts have recently issued reports on MLCO shares. Instinet reaffirmed a “neutral” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 17th. TheStreet cut shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Macquarie lowered their price target on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a report on Friday, August 18th. Zacks Investment Research lowered shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Nomura upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $29.00 in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.83.

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Melco Crown Entertainment Limited Company Profile

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

Dividend History for Melco Crown Entertainment Limited (NASDAQ:MLCO)

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