insane dividends

[wzebra33]

Forrester Research (FORR) this morning declared a $3-a-share special dividend, payable December 20, to holders of record December 8. The technology-focused market research firm also said it is increasing its stock buyback plan by $60 million.

For Q3, the company reported revenue of $59.8 million, with pro forma profits of 19 cents a share; the Street has been forecasting $59.8 million and 21 cents.

For Q4, Forrester sees revenue of $65 million to $68 million and non-GAAP profits of 21-27 cents a share; the Street has been expecting $66.6 million and 25 cents.

FORR is down 44 cents, or 1.3%, to $33.01.