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By Jason Stipp | 11-13-2009 05:46 AM

A Dividend on the Strip, Teen Wallet Angst, and Black Friday

Morningstar markets editor Jeremy Glaser on a new dividend in gaming, tough times in teen spending, financial reform taking shape, and more.

Jason Stipp: I'm Jason Stipp from Morningstar. Welcome to the Friday Five. This is our look back at investors' five most notable headlines from the last week. Here with me, as always, with the Friday Five is Morningstar markets editor Jeremy Glaser. Thanks for joining me, Jeremy.

Jeremy Glaser: You're welcome, Jason.

Stipp: So what do you got for the Five this week?

Glaser: Well, we have some good news for dividend lovers. The Kraft/Cadbury saga continues to drag on. Senator Dodd gave us his idea for financial regulation. Teenagers seem to be pulling back from their spending a little bit, and finally, we'll have a sneak preview of Black Friday.

Stipp: I always like a good dividend story, so let's take it from the top.

Glaser: Yeah. Casino operator Wynn Resorts has declared a 20 cent per share quarterly dividend to start being paid in 2010. Now the company had paid out special dividends before, but this is the first time they're going to be regularly returning money to shareholders.

In an industry like the casinos where we don't think there's going to be a lot of opportunity to deploy new capital--we don't need a lot of new rooms on the Las Vegas strip right now--it's nice to see management being prudent and return that back to shareholders. I think this is only good news for investors.

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