Dividends4Life: A 4% Yielder Down 50%

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A 4% Yielder Down 50%

Posted by D4L | Monday, May 18, 2015 | | 0 comments »

With a collapsing share price, Wynn Resorts (WYNN) stock now yields an all-time high of 4.3%. Down roughly 50% in the past 12 months, the company does come with its share of concerns. With a long track record of success and a more than capable management team, however, this may be an opportunity for the enterprising investor.

Wynn Resorts, Limited, owns 72.2% of Wynn Macau, a casino hotel resort property in China. The company also owns and operates a casino hotel resort property in Las Vegas, Nevada. Macau: A resort destination casino with two luxury hotel towers with a total of 1,008 rooms and suites, approximately 280,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 57,000 square feet of retail space, and recreation and leisure facilities, including two health clubs and spas and a pool.

Source: Guru Focus

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