MGM China has declared a final ordinary dividend of HK$0.353 ($0.045) per share for the year ended December 31st, 2025, totaling approximately HK$1.34 billion ($171 million), as the company continues to return capital to shareholders amid strong earnings performance.
According to a filing on Thursday, the dividend will be paid on June 3rd, 2026, subject to shareholder approval at the annual general meeting on May 14th. The ex-dividend date is set for May 20th, with a record date of May 22nd.
The latest payout follows MGM China’s dividend policy, which was reaffirmed in March 2025, under which total annual distributions are capped at no more than 50 percent of anticipated consolidated annual profits, effectively setting a fixed payout framework.
The company previously declared an interim dividend of HK$0.313 ($0.04) per share, equivalent to approximately HK$1.189 billion ($152 million) and representing about 49.9 percent of profit attributable to shareholders for the first half of 2025.
The combined distributions suggest the company remains broadly aligned with its payout framework, reinforcing a disciplined approach to capital returns.
MGM China reported record financial results for 2025, with total operating revenue rising 10.8 percent year-on-year to HK$34.79 billion ($4.44 billion), while adjusted EBITDA increased 10.4 percent to HK$10 billion ($1.28 billion). Market share also reached a record 16.1 percent, up from 15.8 percent in the prior year.
Analysts at Morgan Stanley had previously indicated potential for a more shareholder-friendly capital return strategy, noting that the interim dividend implied a payout ratio of around 50 percent, with scope for higher distributions to enhance yield and valuation.
