Coffee Sipping Big Board Stocks

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U.S. Silica (NYSE: SLCA) announced today that its Board of Directors has declared a special cash dividend of $0.50 per share to be paid on December 28, 2012, to stockholders of record on December 20, 2012. Commenting on the special dividend, U.S. Silica’s President and Chief Executive Officer Bryan Shinn said, “Returning cash to our shareholders underscores the confidence we have in our competitive position, business prospects and our cash flow generation capability. Furthermore, due to U.S. Silica’s continued strong cash and liquidity position post-dividend, we retain the flexibility to internally fund our long-term growth initiatives, including new transload sites, new greenfield plants and acquisitions.” He added, “Depending on the upcoming resolution of federal tax policy on qualified dividends, our board is committed to evaluating additional ways of creating shareholder value, which may include the institution of a quarterly dividend in the future.”