MGM's CEO Murren to Step Down;before contract ends, Mystery??Prev TopicNext Topic

• eddessaknight

  

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  Feb 12, 2020, 9:17 pm

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  More to this surprise story to unfold.....Murren was not the legendary MGM Chief, Kirk Kerkorian

  https://www.yahoo.com/finance/news/mgm-longtime-ceo-murren-step-211451815.htmler
• eddessaknight

  

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  Feb 14, 2020, 9:40 pm

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  Jim Murren to receive $32M exit package from MGM

  MGM Resorts International Chairman and Chief Executive Jim Murren is set to receive a nearly $32 million exit package, according to a regulatory filing Friday.Contract was originally set to expire at the end of 2021 before mysterious surprise announcement.
• eddessaknight

  

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  Feb 25, 2020, 7:56 pm

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  MGM CEO Murren dumps $22M in company stock

  Just days after MGM Resorts International announced a $32 million separation agreement with outgoing Chairman and CEO Jim Murren, he sold $22 million in company stock.

  Nota Bene:

  Murren originally said he was to be reanin in some advisory capacity until new CEO,

  Why would he then sell off his MGM Shares ???
• eddessaknight

  

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  Mar 4, 2020, 4:39 am

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  MGM plans $1.25B share buyback

  MGM Resorts International is planning a $1.25 billion share buyback after last week’s sharp dip in the stock market.
• eddessaknight

  

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  Mar 4, 2020, 8:21 pm

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  In response to eddessaknight

  Quote: Originally posted by eddessaknight on Mar 4, 2020

  MGM plans $1.25B share buyback

  MGM Resorts International is planning a $1.25 billion share buyback after last week’s sharp dip in the stock market.

  MGM Resorts International (NYSE:MGM) Looks Interesting, And It's About To Pay A Dividend

  Simply Wall St.March 4, 2020, 2:41 AM PST

  

  MGM Resorts International (NYSE:MGM) stock is about to trade ex-dividend in 4 days time. You will need to purchase shares before the 9th of March to receive the dividend, which will be paid on the 16th of March.

  MGM Resorts International's next dividend payment will be US$0.15 per share, and in the last 12 months, the company paid a total of US$0.60 per share. Based on the last year's worth of payments, MGM Resorts International has a trailing yield of 2.6% on the current stock price of $23.3. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether MGM Resorts International has been able to grow its dividends, or if the dividend might be cut.

  Check out our latest analysis for MGM Resorts International

  Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. MGM Resorts International is paying out just 13% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Fortunately, it paid out only 25% of its free cash flow in the past year.

  It's positive to see that MGM Resorts International's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.

  Click here to see the company's payout ratio, plus analyst estimates of its future dividends.