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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
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Tuesday, July 22, 2008
Ameristar Casinos Names Chet W. Koch SVP & General Manager of Ameristar Kansas City
Comtex
LAS VEGAS, July 22, 2008 /PRNewswire-FirstCall via COMTEX/ ----Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced that Chet W. Koch has been promoted to Senior Vice President and General Manager of Ameristar Kansas City.
Koch had been serving as the property's Vice President and Acting General Manager. He has been an Ameristar Team Member since September 2006.
"Chet has consistently proven himself to be a skilled and respected executive," said Michelle Shriver, Senior Vice President of Operations for Ameristar. "I am very pleased to announce his promotion to the role of General Manager at one of Ameristar's largest properties."
Before being promoted to the Acting General Manager role in August 2007, Koch was the property's Vice President of Finance. Koch -- whose gaming industry career spans three decades -- also previously was Vice President of Finance at Grand Casino Tunica in Mississippi, Regional Vice President of Finance for Caesars Entertainment's Northern Mid-South Region and Vice President of Casino Finance at Windsor Casino Ltd., in Ontario, Canada.
Koch also served in various operational capacities for casinos operated by Harrah's, Claridge, Hilton and Resorts. His expansive experience took him to major domestic and international gaming destinations including Reno, Nevada; Atlantic City, N.J.; Queensland, Australia; and Windsor.
"I am very excited to lead Ameristar Kansas City's Team," Koch said. "I look forward to continuing to work closely with our talented Team Members as we fulfill our pledge to consistently provide Ameristar's high standard of service excellence and product quality."
Koch attended Iowa State University and Stockton State College with an emphasis in business management and accounting. He has been directly involved in opening 13 casinos ranging from small properties to large, land-based destination casino-hotels. Koch received the 1993-94 Promus Companies (Harrah's) Chairman's Award for Expert Skill for his various roles in opening six casinos in less than 18 months.
About Ameristar
Ameristar Casinos, Inc. is a leading Las Vegas-based gaming and entertainment company known for its premier properties characterized by innovative architecture, state-of-the-art casino floors and superior dining, lodging and entertainment offerings. Ameristar's focus on the total entertainment experience and the highest quality guest service has earned it leading market share positions in the markets in which it operates. Founded in 1954 in Jackpot, Nev., Ameristar has been a public company since November 1993. The Company has a portfolio of eight casinos in seven markets: Ameristar Casino Resort Spa in St. Charles (greater St. Louis); Ameristar Casino Hotel in East Chicago (Chicagoland area); Ameristar Kansas City; Ameristar Council Bluffs (Omaha, Neb., and southwestern Iowa); Ameristar Vicksburg (Jackson, Miss., and Monroe, La.); Ameristar Black Hawk (Denver metropolitan area); and Cactus Petes and The Horseshu in Jackpot, Nev. (Idaho and the Pacific Northwest).
Visit Ameristar Casinos' web site at: http://www.ameristar.com
(which shall not be deemed to be incorporated in or a part of this news
release)
SOURCE Ameristar Casinos, Inc.
http://www.ameristar.com/
Copyright (C) 2008 PR Newswire. All rights reserved
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