Melco Resorts’ City of Dreams Manila partner Belle Corporation has declared a regular cash dividend of Php0.12 per share for 2017, representing a total dividend payment of Php1.3 billion to shareholders.
The dividend is an increase of 26% on the Php0.095 paid out for FY16. The company said the 2017 dividend will be paid on 23 March 2018.
Belle Corp leases City of Dreams Manila to Melco Resorts and earns a share of the property’s gaming revenue through an operating agreement between Melco and Belle’s 78.7%-owned subsidiary Premium Leisure Corporation.