insane dividends

[wzebra33]

Waddell & Reed joins list of special dividend payers ahead of tax law change
Waddell & Reed Financial Inc. on Thursday declared a special dividend of $1 a share to be paid ahead of the scheduled Jan. 1 expiration of the 15 percent tax rate on dividend income.

The Overland Park-based mutual fund company is at least the fourth public company in the area to declare a special payout of cash to its shareholders ahead of possible tax law changes. Barring a resolution of the “fiscal cliff” standoff in Washington, dividend income will be taxed at the recipient’s individual income tax rate rather than the special rate that is part of the Bush tax cuts.

Waddell’s special dividend will be paid Dec. 6 to its owners of record as of Nov. 26. The company also raised its regular quarterly dividend to 28 cents, payable Feb. 1 to owners as of Jan. 11.

Read more here: http://www.kansascity.com/2012/11/15/3918474/waddell-reed-joins-list-of-special.html#storylink=cpy