Golden Entertainment Reveals Final Special Cash Dividend Of $1.71 Per Share

Golden Entertainment Inc GDEN revealed Friday that the final per share amount of the earlier disclosed special cash dividend would be $1.71 per eligible share.

Golden Entertainment indicated on June 20 that its board had declared a special cash dividend of an aggregate of about $23.5 million. The dividend is payable on July 14, 2016 to eligible shareholders. The record date for the purpose was already over at the close of business on June 30.

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The company pointed out that its final figures were based on approximately 13.8 million eligible shares outstanding on the close of business on the record date.

As indicated earlier, Golden Entertainment's board and compensation committee gave its approval for customary anti-dilutive adjustments to the exercise prices of outstanding stock options in line with its equity incentive plans. Following the adjustments, the exercise price of each outstanding stock option would be reduced by $1.71, effective as of the close of business on the payment date.

Golden Entertainment closed Thursday trading at $11.69.