Las Vegas Sands, the casino company led by billionaire Sheldon Adelson, voted a special dividend that will pay Adelson about $1.2 billion before an expected increase in federal taxes.
The Las Vegas-based company will pay the $2.75-a-share dividend, its first such distribution, on Dec. 18 to investors of record on Dec. 10, according to a statement yesterday. This month, the company also raised its regular annual dividend by 40 percent to $1.40 a share.
Adelson holds approximately 48 million shares.
Now the question becomes how much of it will he spend promoting neocon politicians?
Buffett billionaire Warren Buffett said no one makes investment decisions based on taxes! Or should I say the pen name "Warren Buffett" in the op-Ed of the NYT.
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