insane dividends

[wzebra33]

NAPERVILLE, Ill. (AP) — Tellabs Inc. is joining the list of companies paying a special dividend to reward shareholders before a potential tax hike kicks in next year.

The cash dividend of $1 per share announced Thursday will be paid Dec. 21 to stockholders of record on Dec. 14. That schedule means the dividend will fall under the 15 percent tax rate that has been applied to stock dividends since 2003. That could change beginning next year, unless Congress and President Barack Obama reach a compromise on taxes and government spending.