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Primus Telecommunications Group (NASDAQ:PTGI) declared a special dividend on Wednesday, August 7th, AnalystRatingsNetwork.com reports. Shareholders of record on Tuesday, August 20th will be given a dividend of $8.50 per share on Tuesday, August 27th.
On a related note, analysts at Drexel Hamilton downgraded shares of Primus Telecommunications Group to a “hold” rating in a research note to investors on Tuesday, May 14th.
Primus Telecommunications Group (NASDAQ:PTGI) opened at 12.05 on Wednesday. Primus Telecommunications Group has a 52-week low of $9.85 and a 52-week high of $16.40. The stock’s 50-day moving average is currently $12.00. The company has a market cap of $168.1 million and a price-to-earnings ratio of 5.31.
(IMO) Track the insiders on this one,front loading and how many they have and who will be the fattest from this large dividend.
TORONTO, ONTARIO, Jul 16, 2013 (Marketwired via COMTEX) -- Aastra Technologies Limited - CA:AAH +0.47% today reported its unaudited financial results for the second quarter ended June 30, 2013.
$7.20 per share
Revenue for the three months ended June 30, 2013 was $150.8 million compared to $147.1 million for the same quarter in 2012, an increase of approximately 2.5%. Excluding the impact of foreign exchange, revenue dropped approximately 0.2% from the same period last year. Revenue for the six months ended June 30, 2013 was $284.3 million compared to $294.3 million in the same period last year, a decrease of 3.4%. Excluding foreign exchange, revenue decreased by 5.3% over the same period last year.
Gross margin in the second quarter was down slightly to 43.8% of revenue compared to 44.1% of revenue in the same period in 2012 due mainly to a change in product mix this quarter.
Selling, general and administrative ("SG&A") expenses were $41.8 million or 27.7% of revenue in the second quarter of 2013 compared to $44.5 million or 30.3% of revenue in the second quarter of 2012. SG&A expenses include restructuring expenses of $1.3 million in the second quarter of 2013, compared to $0.8 million in the same quarter of 2012. Excluding restructuring expenses, SG&A expenses would have been $40.5 million or 26.9% of revenue during the second quarter of 2013, compared to $43.7 million or 29.7% of revenue in the same quarter of 2012.
Research and development ("R&D") expenses in the second quarter of 2013 were $17.1 million or 11.3% of revenue, compared to $15.1 million or 10.3% of revenue in the same quarter of 2012. The increase is due to $3.3 million of restructuring expenses incurred in the second quarter of 2013 (2012 - $nil). Excluding restructuring expenses, R&D expenses would have decreased to $13.8 million or 9.1% of revenue. Operating expenses were lower in the second quarter as a result of continued cost control and efficiencies.
Foreign exchange losses of $1.1 million were recognized in the second quarter of 2013, compared to a foreign exchange loss of $0.7 million in the same period last year. Foreign exchange losses on the repatriation of cash from foreign subsidiaries this quarter more than offset the positive movements of the US dollar to the Canadian dollar during the second quarter this year. Amortization expense recorded in operating expenses was $3.7 million in the second quarter of 2013 compared to $3.6 million in the second quarter of 2012.
The Company recorded net finance income of $0.6 million in the second quarter of 2013 compared to $1.0 million in the same period in 2012. Income tax expense of $0.4 million or 13.6% of pre-tax profit compared to $0.4 million or 17.7% of pre-tax profit in the second quarter last year.
As a result of the above, profit increased in the second quarter this year to $2.4 million or $0.21 diluted earnings per share compared to $1.7 million or $0.13 diluted earnings per share in the same period in 2012. Profit for the six months ended June 30, 2013 was $2.5 million or $0.22 diluted earnings per share compared to $3.3 million or $0.25 diluted earnings per share in the first half of 2012.
Included in the income statement this quarter was $4.7 million of restructuring expenses compared to $0.9 million for the same period last year. Excluding restructuring expenses, profit before income taxes would have increased significantly compared to the same period last year for both the six months and three months ended June 30.
Cash and short-term investments totaled $132.5 million at the end of June 2013 compared to $107.4 million at December 31, 2012. During the second quarter of 2013, the Company generated $13.3 million of cash flow in operations. The Company returned $2.3 million in dividends to shareholders during the second quarter. Accounts receivables increased by $7.3 million from $131.4 million at March 31, 2013 as a result of higher revenue.
The Company is pleased to announce that, after a detailed review of its business, the Board of Directors of the Company has approved the payment of a special dividend to its shareholders of $7.20 per share (the "Special Dividend") payable on August 16, 2013 (the "Payment Date") to all shareholders of record on August 6, 2013 (the "Record Date") subject to the "Due Bill" trading requirements mandated by the Toronto Stock Exchange (see below). Contact your financial intermediary should you have any questions regarding how such requirements may affect the trading of the common shares of the Company (the "Common Shares"). The net cash that will be used to pay the Special Dividend on the Payment Date is expected to be $84 million.
Because the amount of the Special Dividend announced today represents a distribution of greater than 25% of the market capitalization of the Company as of the close of markets today, the Toronto Stock Exchange has required that the Common Shares shall trade on a "Due Bill" basis from August 1, 2013 until the close of trading on the Payment Date. This means that sellers of Common Shares during this period (i.e. sellers in trades settled after the Record Date and entered into on or before the Payment Date) shall also sell their entitlement to the Special Dividend to the respective purchasers of such Common Shares. The Common Shares will commence trading on an ex-distribution basis (i.e. without an attached "Due Bill" entitlement to the Special Dividend) from the opening of trading on August 19, 2013 (i.e. the next trading day after the Payment Date)
TransDigm Group Inc. Plans Special Dividend of $22.00 (TDG)
TransDigm Group (NYSE:TDG) declared a special dividend on Wednesday, July 3rd, ARN reports. Investors of record on Monday, July 15th will be given a dividend of $22.00 per share on Thursday, July 25th
QLT (NASDAQ:QLTI) announced a special dividend on Tuesday, June 18th, Stock Ratings Network reports. Shareholders of record on Monday, June 24th will be paid a dividend of $3.9175 per share on Thursday, June 27th. The ex-dividend date is Friday, June 28th.
On a related note, analysts at Zacks downgraded shares of QLT from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, April 24th. They now have a $9.50 price target on the stock.
The company said that the special dividend was approved by its Board on June 12, 2013 and will be payable on July 9, 2013 to stockholders of record at the close of business on July 1, 2013. Of the $9 per share distribution
(ADVS) has unveiled a special cash dividend of $9 a share as the investment management software company aims to enhance shareholder value. Shares jumped 8.9% to $35.24 in recent premarket trading.
Generac Holdlings logo Generac Holdlings (NASDAQ:GNRC) declared a special dividend on Monday, June 3rd, StockRatingsNetwork reports. Shareholders of record on Wednesday, June 12th will be given a dividend of $5.00 per share on Friday, June 21st
A company giving back profits instead of new office "stuff" is always a good pic,and with the market this high I have few pics that are "holds"
May 28, 2013 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI) ("CVR Energy") announced today that its board of directors has declared a special dividend of $6.50 per share payable on June 10, 2013, to stockholders of record at the close of business on June 3, 2013.
Thanks for the post,interesting info.
Westpac Banking (NYSE:WBK) declared a special dividend on Monday, May 6th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, May 16th will be given a dividend of $4.9507 per share on Wednesday, July 10th. This represents a yield of 5.09%. The ex-dividend date of this dividend is Tuesday, May 14th.
50% of federal prisoners are in for drug crimes,it`s an industry,a growing one.
$6.63 Apr 08, 2013 (Marketwired via COMTEX) -- CCA CXW +2.68% (the "Company" or "Corrections Corporation of America"), announced today that its Board of Directors has declared a special dividend to shareholders of $675 million, or approximately $6.63 per share of common stock based on the number of shares currently outstanding, in connection with the Company's previously announced plan to qualify as a real estate investment trust (REIT) for federal income tax purposes effective as of January 1, 2013. The special dividend will be paid in satisfaction of requirements that the Company distribute its previously undistributed accumulated earnings and profits attributable to tax periods ending prior to January 1, 2013. The Company expects to pay the special dividend on May 20, 2013 to shareholders of record as of April 19, 2013.
SAIC (SAI), which provides IT and engineering services to the DoD and other federal agencies, has announced a $1 special dividend to be distributed in June to all common shareholders. The special dividend has a yield of 7.5% at current market prices. This is a nice distribution for shareholders, and should ease concerns about sequestration. Management is signaling that even with budget cuts, the company will be fine.
Even sequestration, management has mentioned that backlog has not changed at all. The company ended the quarter with $17.9 billion in backlog, and has already received $5.4 billion of it. There has been no reduction in backlog so far with the budget cuts.
SAIC has already submitted bids on $24 billion worth of contracts. During Q4, the company won 8 contracts with more than a $100 million each. This does not include the $1 billion in classified intelligence programs.
So as we can see, budget cuts have not really made any dent for SAIC. FY 2014 EPS is expected to be $1.16-$1.33. The range is larger since management is being cautious about the $42.5 billion in defense cuts. However, I do believe that the company is likely to earn above $1.25 per share given the current backlog and the new bids that went out.
As for free cash flow going forward, cash flow from operations is expected to be $450 million for FY 2014. CapEx is only going to be 1% of operating cash flow. Therefore, free cash flow will remain well above $400 million. This is more than enough to cover the regular dividend of $164 million. The payout ratio to free cash flow is 41%
Any company making money and returning some back to shareholders is a watchlist pic.In my world of stocks FWIW
NYSE:CEO) declared a special dividend on Tuesday, March 26th. Investors of record on Thursday, May 30th will be given a dividend of $4.12 per share on Thursday, July 11th. The ex-dividend date of this dividend is Tuesday, May 28th .
Google alerts feed news ,I did not look into that one,.Here`s another
SAIC's (NYSE: SAI ) results are in Q4 and fiscal 2012, and the numbers reveal a strong quarter. For Q4, revenue totaled $2.7 million, up from the $2.5 billion in the same period the previous year. The technology company swung to a net profit, at $186 million ($0.54 per diluted share) from Q4 2011's bottom-line loss of just under $161 million ($0.49).
Analysts had been expecting revenue of $2.7 billion and EPS of $0.51 for this most recent quarter.
For the full year, the top line was $11.2 billion, a 6% increase over the 2011 figure of $10.5 million. Net profit was significantly higher, at $525 million ($1.54 per diluted share) for the year versus 2011's $59 million ($0.18).
SAIC proffered guidance for its current fiscal year. The company believes it will post $10.0 billion to $10.7 billion in revenue, and diluted EPS of $1.16 to $1.33.
The company also declared a special dividend. It will hand out $1.00 per share on June 28 to shareholders of record as of June 14. This payout will be in addition to a regular quarterly payout of $0.12. The dates of the disbursement are April 30 and April 15, respectively.
Eni S.p.A. (NYSE:E) announced a special dividend on Thursday, March 21st. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $1.39 per share on Friday, June 7th. This represents a dividend yield of 5.97%. The ex-dividend date is Monday, May 20th.
Antofagasta plc (ANFGF)
-OTC Markets
http://www.iii.co.uk/articles/80226/antofagasta-unveils-special-dividend
(TSE:VCM) announced a special dividend on Monday, March 11th. Stockholders of record on Thursday, March 21st will be paid a dividend of $1.00 per share on Wednesday, March 27th.
On the ratings front, analysts at CIBC reiterated an “outperform” rating on shares of Vecima Networks in a research note to investors on Wednesday, February 13th. They now have a $6.00 price target on the stock.
Vecima Networks (VCM) traded down 1.85% on Monday, hitting $5.30.
The 25 Highest-Yielding Dividend Stocks in March
http://www.fool.com/investing/general/2013/03/08/the-25-highest-yielding-dividend-stocks-in-march.aspx
MFA Financial (NYSE:MFA) announced a special dividend on Tuesday, March 5th. Investors of record on Friday, March 15th will be paid a dividend of $0.50 per share on Wednesday, April 10th. This represents a dividend yield of 8.71%. The ex-dividend date is Wednesday, March 13th.
Credicorp (NYSE:BAP) declared a special dividend on Friday, March 1st. Shareholders of record on Tuesday, April 16th will be given a dividend of $2.60 per share on Friday, May 10th. This represents a yield of 1.51%. The ex-dividend date of this dividend is Friday, April 12th.
And no were in the PR can you find the word "cash dividend" This has been a huge let down to many.
Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE: VR) announced today that its Board of Directors has authorized the following capital management actions:
* A special dividend in the amount of $2.00 per common share and common share equivalent for which each outstanding warrant is exercisable. The special dividend is payable in cash on February 26, 2013 to shareholders and warrant holders of record as of February 19, 2013. * An increase in the Validus regular quarterly dividend to $0.30 from $0.25 per common share and common share equivalent for which each outstanding warrant is exercisable. The Board also approved the payment of the regular quarterly dividend which is payable on March 29, 2013 to shareholders and warrant holders of record as of March 15, 2013. * An increase in the Validus common share repurchase authorization to $500.0 million.
Insider greed is alive and well,they will pay more on taxes but it will always peak interest from shareholders.
Park Electrochemical Corp. (NYSE - PKE) announced that its Board of Directors has declared a special cash dividend of $2.50 per share payable February 26, 2013 to shareholders of record at the close of business on February 12, 2013.
CVI CVR Energy Declares $5.50 Special Dividend And Announces Adoption Of Quarterly Dividend Policy
http://www.dailymarkets.com/stock/2013/01/24/cvr-energy-declares-5-50-special-dividend-and-announces-adoption-of-quarterly-dividend-policy/
Good call on the true nature of the PR
Thanks,I like the price to book value giving also.
MCLEAN, Va. (AP) — Sunrise Senior Living Inc. said Friday that it will issue a special cash dividend in connection with its deal with Health Care REIT Inc.
NYSE:SRZ
Health Care REIT is a real estate investment trust that invests in senior housing and health care real estate. The Toledo, Ohio, company announced in August that it will buy McLean, Va.-based Sunrise in an all-cash deal worth about $1 billion.
Sunrise said Friday that under terms of the agreement, it declared a conditional special cash dividend of $2.10 per share to shareholders of record as of Jan. 8 at a total cost of roughly $129.5 million.
Sunrise shareholders will get $12.40 per share as part of the deal plus the dividend, for a total of $14.50 per share. The payment will be made following completion of the deal.
Sunrise shareholders are expected to vote on the deal at the special meeting on Jan. 7. The company expects it to close by Jan. 9.
Sunrise operates roughly 303 senior living communities in the U.S., Canada and the United Kingdom.
Its shares closed unchanged at $14.39.
Good summery of the special dividends (IMO)
COLUMBUS, Ohio, Dec. 21, 2012 /PRNewswire/ — Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) today confirmed the payment of its special dividend of $8.00 per share. The Company estimates that between $4.75 and $5.25 of the special dividend will be characterized as qualified dividend income, with the balance characterized as return of capital. The Company expects to finalize the tax characterization of the dividend in late January 2013
RICHMOND, Va., Dec. 18, 2012 /PRNewswire/ -- The board of directors of Dominion (NYSE: D) today set a new goal to achieve a 65-70 percent dividend payout ratio. The new policy replaces one established in December 2010 to achieve a 60-65 percent payout ratio. The board also set a 2013 dividend rate of $2.25 per share of common stock, up from $2.11 per share in 2012, or a 6.6 percent increase. Subject to board declaration in January, the first quarterly dividend of 56.25 cents per share will be payable in March 2013.
Thomas F. Farrell II , chairman, president and chief executive officer, said:
"The new dividend payout ratio and rate reflect the recent refinement of Dominion's business model — reducing our reliance on commodity-based earnings resulting in a more heavily weighted shift in the operating earnings mix toward regulated enterprises — and expected earnings growth. We believe our shareholders should share in the company's success."
The expected 2013 dividend rate increase would mark the 10th consecutive year in which the annual dividend rate rose from the prior year. After such a dividend rate hike, the annual dividend rate will have increased 63 percent since 2006, when Dominion announced it would transform the company by selling its non-Appalachian exploration and production business.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 27,400 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves retail energy customers in 15 states. For more information about Dominion, visit the company's website at www.dom.com.
PR Newswire (http://s.tt/1xiXB)
Xyratex Ltd (Nasdaq: XRTX [FREE Stock Trend Analysis]), a leading provider of data storage technology, today announced that its board of directors has declared a one-time, special cash dividend of $2.00 per share. The special cash dividend will be distributed on December 31, 2012 to shareholders of record as at the close of business on December 27, 2012.
Xyratex's board of directors has also declared a quarterly cash dividend of $0.075 per common share and approved the acceleration of the dividend payable date to December 31, 2012 to shareholders of record at the close of business on December 27, 2012. The quarterly dividend would otherwise have been declared in January 2013 with Xyratex's quarterly earnings results for the fourth quarter of fiscal 2012.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read more: http://www.benzinga.com/news/12/12/3180539/xyratex-announces-2share-special-dividend-accelerates-0-075share-qtr-dividend-pay#ixzz2FPktdQXs
Shareholders of tractor and construction equipment maker CNH (CNH.N) on Monday approved an extraordinary dividend as part of plans to merge with parent Fiat Industrial (FI.MI).
The two groups will be merged into an as yet unnamed new company, which will be the world's third-largest capital goods maker by sales, in which investors will receive 3.828 shares per CNH share, and one share per Fiat Industrial share. The company will have a secondary listing in Milan.
Sergio Marchionne, chairman of Fiat Industrial, said shareholders approved a dividend payout of $10 per share at a special shareholders meeting in Amsterdam.
The merger will be approved at another special shareholders meeting, the date of which has yet to be determined, the company said.
Quad/Graphics (NASDAQ:QUAD) announced a special dividend on Friday, December 14th. Shareholders of record on Monday, December 24th will be paid a dividend of $2.00 per share on Friday, December 28th.
W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of $1.00 per share. The special dividend will be paid on December 31, 2012 to stockholders of record at the close of business on December 24, 2012. The special dividend is in addition to the previously announced regular quarterly cash dividend of 9 cents per share to be paid on December 20, 2012 to stockholders of record at the close of business on December 4, 2012.
Dec. 13, 2012 — /PRNewswire/ -- Pardee Resources Company (OTC: PDER) (the "Company") announced today that its Board of Directors has declared a special year-end dividend of $5.00 per share payable on December 21, 2012 to shareholders of record on December 14, 2012. This special dividend will be in addition to the Company's regular quarterly dividends.
Read more here: http://www.heraldonline.com/2012/12/13/4484329/pardee-resources-company-special.html#storylink=cpy