Harrah’s announces share dividend
 July 26, 2007, 1:31 am (1 year ago)Harrah’s Entertainment, Inc investors will receive the benefits of the latest quarter’s cash dividend next month.
Harrah’s board of directors announced a quarterly cash dividend of $0.40 per share.
Stockholders will receive the payment on August 22, 2007. Harrah's shares will begin trading ex-dividend on August 6, 2007.
Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries.
It was established in Reno, Nevada 70 years ago and has grown immeasurably, now managing casinos on four continents. It owns big name casinos such as Caesars, Horseshoe and the London Clubs International family of casinos.
On December 19, 2006, the company's board of directors voted to accept a buyout offer from Apollo Management and Texas Pacific Group for $17 billion, or $90-per-share. The corporation's shareholders approved the proposed buyout in April, 2007. Approval by regulators is needed before buyout is complete.
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