Casino operator Wynn Resorts (WYNN), Hit a 52 week high recently, and the shares have been climbing prior to the company’s announcement that it was going to pay a "special" cash dividend to shareholders of record on November 23rd.

I want you to take a look at the insider activity of one of the company’s insiders in the weeks leading into Wynn’s announcement.

In the month of August, long time Las Vegas casino operator, and Chairman of Wynn International, Jack B. Binion, purchased 911,956 shares at prices ranging from $68.90-$74.00. After the announcement of the “special” dividend, yesterday (11-16-06) the stock traded as high as $96.50.

Now you know why they called this dividend "special".