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Item 5. — MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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Item 5. — MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

The Company’s common stock trades on the NYSE under the symbol “LVS.” The following table sets forth the high and low sales prices for the common stock on the NYSE for the fiscal quarter indicated:

HighLow
2010
First Quarter$22.49$14.88
Second Quarter$27.84$18.08
Third Quarter$35.90$20.73
Fourth Quarter$55.47$34.61
2011
First Quarter$51.05$36.05
Second Quarter$48.25$37.23
Third Quarter$50.49$36.08
Fourth Quarter$49.44$36.20
2012
First Quarter (through February 21, 2012)$54.00$41.77

As of February 21, 2012, there were 734,061,465 shares of our common stock issued and outstanding that were held by 456 stockholders of record.

Dividends

Our ability to declare and pay dividends on our common stock is subject to the requirements of Nevada law. In addition, we are a parent company with limited business operations of our own. Accordingly, our primary sources of cash are dividends and distributions with respect to our ownership interest in our subsidiaries that are derived from the earnings and cash flow generated by our operating properties.

Our subsidiaries’ long-term debt arrangements place restrictions on their ability to pay cash dividends to the Company. This may restrict our ability to pay cash dividends other than from cash on hand. See “Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Restrictions on Distributions” and “Item 8 — Financial Statements and Supplementary Data — Notes to Consolidated Financial Statements — Note 9 — Long-Term Debt.”

As part of a regular cash dividend program, on January 31, 2012, our Board of Directors declared a quarterly cash dividend of $0.25 per common share to be paid on March 30, 2012, to shareholders of record on March 20, 2012. Our Board of Directors will continue to periodically assess the level and appropriateness of any cash dividends.

Our preferred stock dividend activity is as follows (in thousands):

Preferred Stock
Dividends Paid toPreferred StockTotal Preferred
Board of Directors’PrincipalDividends Paid toStock
Declaration DatePayment DateStockholder’s FamilyPublic HoldersDividends Paid
February 5, 2009February 17, 2009$13,125$11,347$24,472
April 30, 2009May 15, 200913,12510,40023,525
July 31, 2009August 17, 200913,12510,22523,350
October 30, 2009November 16, 200913,12510,22523,350
$94,697
February 5, 2010February 16, 2010$13,125$10,225$23,350
May 4, 2010May 17, 201013,12510,22523,350
July 29, 2010August 16, 201013,12510,22523,350
November 2, 2010November 15, 201013,12510,22523,350
$93,400
February 1, 2011February 15, 2011$13,125$6,473$19,598
May 5, 2011May 16, 201113,1256,09419,219
August 4, 2011August 15, 201113,1256,01519,140
November 4, 2011November 15, 201113,1254,21517,340
$75,297
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As further described in “Item 8 — Financial Statements and Supplementary Data — Notes to Consolidated Financial Statements — Note 10 — Equity — Preferred Stock and Warrants — Redemption of Preferred Stock,” we redeemed all of the preferred shares outstanding on November 15, 2011.

Recent Sales of Unregistered Securities

There have not been any sales by the Company of equity securities in the last fiscal year that have not been registered under the Securities Act of 1933.

Performance Graph

The following performance graph compares the performance of our common stock with the performance of the Standard & Poor’s 500 Index and the Dow Jones US Gambling Index, during the five years ended December 31, 2011. The graph plots the changes in value of an initial $100 investment over the indicated time period, assuming all dividends are reinvested. The stock price performance in this graph is not necessarily indicative of future stock price performance.

(graph)

Cumulative Total Return
12/31/0612/31/0712/31/0812/31/0912/31/1012/31/11
Las Vegas Sands Corp.$100.00$115.17$6.63$16.70$51.35$47.75
S&P 500$100.00$105.49$66.46$84.05$96.71$98.75
Dow Jones US Gambling Index$100.00$114.80$30.87$48.08$83.23$77.37

The performance graph should not be deemed filed or incorporated by reference into any other Company filing under the Securities Act of 1933 or the Exchange Act of 1934, except to the extent the Company specifically incorporates the performance graph by reference therein.

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