insane dividends

[wzebra33]

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.

[wzebra33]

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/

[bar1080]

"Revenues down"??? AOD owns blue chips. Income is from their dividends which are actually going up. The broad market is soaring. Explain "revenues down?"

You might want to visit my AOD board and learn how a "smoke and mirrors" CEF like AOD creates its illusions:

http://investorshub.advfn.com/Alpine-Total-Dynamic-Dividend-CEF-AOD-15993/

[SilverSurfer]

I don't see the Aplines, AOD and AGD, as scams. They had to cut because revs are down. Also this on PGH ... http://seekingalpha.com/article/1111661-pengrowth-energy-goes-all-in-on-lindbergh

[bar1080]

The Alpine fund mentioned (AOD) just cut its div 50% and is plummeting.

Most of those listed are borderline scams.

[SilverSurfer]

any idea why PGH is such a laggerd? also this.........

" Ten monthly dividend equities showing the biggest yields as of September 28 represented just one of the nine market sectors. The top-yielding holdings as revealed by Yahoo Finance data were all financial entities: Cornerstone Progressive Fund (CFP); Cornerstone Strategic Value Fund (CLM), Armour Residential REIT (ARR); Alpine Total Dynamic Dividend Fund (AOD); Alpine Global Dynamic Div Fund (AGD); AGIC Convertible & Income Fund II (NCZ); AGIC Convertible & Income Fund I (NCV); Full Circle Capital Corp. (FULL); Prospect Capital Corp. (PSEC); Fifth Street Finance Corp (FSC). "

[wzebra33]

Thanks,I like the price to book value giving also.

[SilverSurfer]

[bbotcs]

wzebra33: MMT.v The payout on this Canadian oil producer that operates in Nigeria is about 10 percent, I believe.

[wzebra33]

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.

[wzebra33]

Good summery of the special dividends (IMO)

[fung_derf]

Good article and I believe what we have been discussing here. Some companies paying out dividends, did so because they were cash heavy and wanted to pay out before taxes set in. I believe these were the solid companies with solid earnings who could afford to do so. I also believe it WAS beneficial to the shareholders as otherwise, the companies may have been cash laden with no where to go with it.

On the other hand, there were the companies borrowing money to pay out dividends. These companies are perhaps counting on low interest rates remaining intact, and perhaps were just looking for a way to reward the insiders of the company, while taking on more debt.

I would say it has been important to know the difference and do your due diligence before jumping on any and all of these. JMO, of course.

[bar1080]

"Insanity Of The Chase For Special Dividends"

Author also compares div chase to the dot com bubble

http://seekingalpha.com/article/1062171-the-insanity-of-the-chase-for-special-dividends

[wzebra33]

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

[wzebra33]

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)

[wzebra33]

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

[wzebra33]

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.

[Guitarmanlife]

i think it's gonna dip near the 2.35 range over the next month if fiscial cliff holding declines impending DOOOM! but once everybody sees that thier being silly and buying continues volume will and bam this puppy will start treking northward.

I need to findout if i sell my JE to i have to pay a canadian tax or 15%... i know they milk my 11% div because of that to a 8.78%... one day if that puppy sees $14 i'll be looking for my selling point.

[diannedawn]

p.s. that was AUMN :)
not ALUMN (just in case that wasn't a typo)

check out Cork's mining board too
http://investorshub.advfn.com/~*~-Mining-Mania-~*~-15977/

I've been in LPHI for awhile.
Would like to pick up some more...
:)

[diannedawn]

whatever i said was unforgivable

Too FUNNY!
in light of the BS we've seen, eh?
:)

Happy Holidays!

[Guitarmanlife]

Hey dianne. I really appreciate the input i'll check aau and alumn out. i'm still learning and i am thankful for your and cork's info sharing now i just need to wait till feb when i have more spending change avg down on my trusted stocks and then buy a few new.

Did you ever get into LPHI? on the div drop off?

JE and yeah dan said whatever i said was unforgivable on JE's board so i have a lifetime ban on a board i created :(

[Guitarmanlife]

Thanks i wish i had $1000 to throw at em!

[the cork]

Sorry to butt-in G-man, but you might look into Hecla HL for your Dad.

They are a low cost silver producer, with significant by product metals. http://www.hecla-mining.com/

2011 Production:

Over 7 million ounces of Silver, 50,000 ounces of Gold, 70 tons Zinc, and 40 tons Lead, per year.

What makes these guys a good bet is, one of their mines was shut down for a year after an industrial accident, but it will be coming back on line in 2013.

That's going to put an additional 3-4 million ounces of silver into the revenue stream that isn't there now.

Anything under 6 bucks is good, and anything under 5 bucks is a steal. I don't see them revisiting the previous lows because they did a share buy back at that time, so there are way fewer shares out there than there were before.

They have a small (now) dividend that is tied to the price of silver, so if the price of silver goes up as a result of QE1, QE2, Operation Twist, and QE3 (which I think it will) the dividend will grow right along with it.

The only thing that is missing in the mix is copper, which is kind of a surprise since copper and silver are frequently found together, but they may remedy that through strategic acquisition, if they even want to. I'd like to see it, but only because it would cover a lot of asset classes with one stock.

Got some other good ones too if that isn't what you are looking for. GL!



img]stockcharts.com/c-sc/sc?s=hl&p=d&yr=1&mn=0&dy=0&id=p90803195534[/img]

[Guitarmanlife]

Dianne I been trying to find a good precious metals stock for my dad. Do you own any that are good or know of any good ones?

[wzebra33]

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.

[wzebra33]

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.

[wzebra33]

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

[wzebra33]

Dec. 12, 2012 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today that its Board of Directors declared that an extraordinary cash dividend of $1.00 per share on all Common Shares of the Company, or approximately $102 million, will be paid on December 31, 2012 to shareholders of record as at the close of business on December 24, 2012.

Sears Canada hereby notifies shareholders that it designates the full amount of the dividend to be paid on the common shares, to be an "eligible dividend" as defined in subsection 89(1) of the Income Tax Act (Canada), and in any similar provincial and territorial tax legislation.

Sears Canada is a multi-channel retailer with a network that includes 195 corporate stores, 269 hometown dealer stores, 8 home services showrooms, over 1,500 catalogue and online merchandise pick-up locations, 102 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.

PR Newswire (http://s.tt/1wL8j)

[wzebra33]

DENVER, Dec 10, 2012 (GlobeNewswire via COMTEX) -- Air Methods Corporation AIRM +3.19% , the global leader in air medical transportation, announced today that its board of directors has declared a special cash dividend of $7.00 per share (on a pre-split basis) on the Company's common stock, payable on December 28, 2012 to stockholders of record at the close of business on December 20, 2012. The Company intends to fund the special cash dividend with available cash and additional borrowings under its senior credit facility. The Company anticipates amending its senior credit facility by adding a new term loan facility of up to $100 million prior to payment of the cash dividend.

[wzebra33]

Dec 11, 2012 (BUSINESS WIRE) -- Dolby Laboratories, Inc. DLB -0.18% today announced that its Board of Directors declared a one-time special dividend in the amount of $4 per share on its Class A Common Stock and Class B Common Stock, to be paid on December 27, 2012, to the stockholders of record as of the close of business on December 21, 2012. Based on Dolby Laboratories' current shares of Class A Common Stock and Class B Common Stock outstanding, we estimate the total payment for this one-time special dividend will be approximately $408 million

[wzebra33]

MIAMI, Dec 10, 2012 (BUSINESS WIRE) -- Perry Ellis International PERY +6.18% today announced that the Board of Directors has declared a special cash dividend of $1.00 per share, to be paid to shareholders of record as of the close of business December 21, 2012 and payable on December 28, 2012. The aggregate amount to be paid in connection with this special cash dividend will be approximately $16 million.

[Guitarmanlife]

Hey Dawn i looked at or say glanced at MRVC MCHX and between comm and advertisement me personally i wouldn't buy into them there are several people doing the same job and probably better... but i will watch them for a learning aid. I'll also let ya know anything i find out if i spot anything juicy.

[fung_derf]

Hey! If someone is going to "anonymously attack me", either delete both posts, or leave mine defending myself.

[wzebra33]

SAN JOSE, Calif., Dec, 11, 2012 /PRNewswire/ -- Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced that its Board of Directors has approved a $1.00 per share special cash dividend on MPS's outstanding common stock, payable on December 28, 2012 to stockholders of record on December 21, 2012.

"Today's announcement of a special dividend provides MPS with a tax efficient opportunity to return capital to our shareholders," said Michael Hsing, CEO and Founder of MPS. "We believe that we will continue to generate strong cash flows and are confident in our ability to maintain a healthy cash reserve to fund our growth plans."

PR Newswire (http://s.tt/1wyUn)

[wzebra33]

Limited Brands Announces $3 Per Share Special Dividend

COLUMBUS, Ohio, Dec. 10, 2012 /PRNewswire via COMTEX/ -- As part of its ongoing commitment to return value to shareholders, Limited Brands LTD -1.02% announced today that its Board of Directors has declared a special dividend of $3 per share. The special dividend will be paid on Dec. 26, 2012, to shareholders of record at the close of business on Dec. 20, 2012.

[fung_derf]

Just how special are special dividends?
Posted Sunday, Dec. 09, 2012 Updated Sunday, Dec. 09, 2012 0

WASHINGTON — Companies are rushing special payments to shareholders to take advantage of lower dividend tax rates before they go up Jan. 1. But investors should beware: Not all special payments are created equal.
Some companies are borrowing a lot of money to make the payments. At others, the payments amount to corporate self-help, rewarding large shareholders who also sit on the board.
In addition to those companies, dozens have decided to move dividends that were scheduled for January into December - a no-brainer when you consider the tax advantage, says Howard Silverblatt, senior index analyst at S&P Dow Jones Indexes.
"Pay me in January or pay me in December: It makes no difference to the company," Silverblatt says. "As a shareholder, if you pay me in January, you'd better have a good explanation for that."
That's because a January payment may nearly triple the tax rate that the highest earners must pay on dividends - to 43.4 percent from 15 percent, the rate in place since 2003.
If decade-old tax cuts are allowed to expire at the end of this year, dividends will be taxed like ordinary income, and the top rate for ordinary income will rise to 39.6 percent from 35 percent.
High earners will pay an additional 3.8 percent to offset the cost of President Barack Obama's health care overhaul.
Obama and Republicans in Congress are fighting over whether the top rate for ordinary income should increase. Republicans would prefer that the dividend tax remain at 15 percent but have not taken a hard line on it publicly.
Between Nov. 1 and Dec. 5, 349 companies moved up their dividends or paid special dividends, according to Silverblatt. That is higher than the 314 irregular dividends paid last year in all of November and December. Silverblatt expects the pace of early dividends to pick up if Washington keeps dawdling.
Many companies go beyond moving up ordinary payments. They are declaring special, one-time dividends to take advantage of the lower tax rate while it lasts. Those special dividends can dramatically alter a company's finances.
Normally, when a board declares a special dividend, it's a sign of financial strength, experts say. That confidence can attract investors and boost the company's stock price.
But these are not normal times. With so many companies declaring special dividends, professional traders have a warning for everyday investors.
"If they really thought this was the right plan, they would have done it already," says Peter Tchir, who runs the hedge fund TF Market Advisors. He believes that some companies are not considering the long-term costs of their decisions.
"People should scour these companies and see if they're doing some damage to themselves on the credit side," he says.
Many of the special dividends, it turns out, are not drawn from the proverbial mountain of cash that companies have been sitting on since the onset of the Great Recession.
Costco last month declared a special dividend of $7 per share, or about $3 billion. To pay for it, the company borrowed $3.5 billion. That caused Fitch, a rating agency, to downgrade Costco, though its rating remains relatively high. Costco declined to comment.
Brown-Forman Corp., which makes Jack Daniels and other liquors, will pay for its $4 per share special dividend with a combination of cash and debt, executives said on a conference call with financial analysts. That amounts to $853.2 million.
The move was prudent, Chief Financial Officer Donald Berg said on the call, because "we have a proven track record as strong stewards of capital."
"Our recent dividend announcement reinforces our position as a company focused on delivering superior risk-adjusted returns for all of our shareholders," Berg said. Brown-Forman did not respond to a request for further comment.
For some companies, the special dividend appears to be a statement of opposition to possible tax increases.
"FOREGONE TAX RATES STIMULATE SHAREHOLDER PAYBACK," blares the headline to a press release from National Beverage Corp., the company behind Faygo and Shasta soft drinks. "'Patriotism' - If Only We Could Bottle It!" the release concludes.
Later, when National Beverage set the size of its special dividend at $2.55 per share, totaling, $118.1 million, it reassured investors that there would be no cash crunch. The decision was based in part on "a commitment by our largest shareholder to make available additional equity should the occasion develop," chairman and CEO Nick Caporella said in the announcement.
Caporella was referring to himself. He owns 74 percent of the company's outstanding shares, either directly or through a company he controls. For him, the special dividend was worth $87.3 million before taxes.
Under the current tax rate, he will pay about $13.1 million on the dividend. By taking money out of the company early, Caporella saved for himself as much as $24.5 million that might have gone to the government. National Beverage declined to comment.
Tom Pemberton, of Pemberton Financial Planning, says it's not unusual for companies to pay questionable special dividends to satisfy big shareholders - especially when they sit on the board.
"If I'm a large stockholder, I'm going to say, 'Hey, let's go ahead and have a special dividend,'" he says. He says ordinary investors shouldn't "buy the stock or not buy the stock because of the special dividend."
The market is rife with examples. The board of Opt-Sciences Corp., which makes special coatings for glass used in cockpits, declared a special dividend of 65 cents per share "to secure for the shareholders the benefits of the soon to be expiring current dividend tax treatment," president and CEO Anderson McCabe said in the announcement. The family of one director, Arthur Kania, controls nearly 66 percent of the company's stock.
Decisions like that are more common at small companies with relatively few shareholders, experts say. But big players sometimes get in on the act.
Oracle yanked into December a dividend of 18 cents per share, to replace the dividends it would have paid over the next three quarters. In the announcement, the company noted that "Oracle's CEO and largest stockholder did not participate in the deliberation or the vote on this matter" - a reference to billionaire CEO Larry Ellison, who owns about 23 percent of the company's stock. Oracle declined to comment.
Higher dividend taxes are likely, but they're not inevitable. Until lawmakers and President Obama have a deal, at least in theory, everything is on the table.
But the debate so far has focused on tax rates for the wealthy, with little noise about dividend rates. That's why so many companies have concluded that dividend rates are likely to rise next year.
By issuing special dividends, companies are making boasts of financial strength, Silverblatt says, and those companies must be able to stand behind them.
"It's a leap of faith to put out a large special dividend," he says, "especially when there's so much uncertainty out there."
Daniel Wagner can be reached at http://www.twitter.com/wagnerreports.

[wzebra33]

Dec. 10, 2012 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR), announced today that the company's Board of Directors has approved a $1.00 per share special cash dividend on its outstanding common stock payable on December 27, 2012 to stockholders of record on December 19, 2012.

"Given the unique uncertainty surrounding future tax rates, we elected to return money to our stockholders by way of a special one-time dividend. This dividend does not compromise either our strategic goals or strong balance sheet and does not impact our previously announced $25 million share repurchase authorization," said John Ambroseo, President and CEO.

Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets and part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index. For more information about Coherent, visit the company's website at http://www.coherent.com for product and financial updates.

PR Newswire (http://s.tt/1wrq8)

[wzebra33]

Dec. 7, 2012, 4:01 p.m. EST
The Washington Post Company Accelerates Payment of 2013 Dividends

WASHINGTON, Dec 07, 2012 (BUSINESS WIRE) -- The Board of Directors of The Washington Post Company WPO +1.32% today announced, consistent with its frequent review of the Company's dividend policy, an accelerated cash dividend totaling 9.80 per share of outstanding common stock. This accelerated dividend is intended by the Board to be in lieu of regular quarterly dividends that the Company otherwise would have declared and paid in calendar year 2013. The annual dividend rate per share in 2013 is unchanged from the rate in 2012. The accelerated dividend will be paid to stockholders of record as of the close of business on December 17, 2012, payable on December 27, 2012.

[wzebra33]

BAGL Einstein Noah Restaurant Group Inc. said Thursday it has recapitalized its existing loan and declared a one-time shareholder dividend of $4 per share, bringing to a close a review of strategic alternatives that had included a possible sale or merger.

The Lakewood, Colo.-based parent to the Einstein Bros Bagels, Noah’s New York Bagels and Manhattan Bagels brands announced in May that it had hired Piper Jaffray as financial advisor to explore various options to maximize value for stockholders.


The recapitalization announced Thursday includes the amendment and restatement of its existing senior credit facility, increasing a term loan from $75 million to $100 and a revolving credit facility from $50 million to $75 million. The maturity date is also extended from December 2015 to December 2017.

Proceeds will be used to fund a one-time dividend to shareholders of $4 per share — or about $68 million in aggregate — as well as the ongoing quarterly dividend, working capital, capital expenditures and other corporate purposes.

Nelson Heumann, chairman of Einstein Noah’s board, said the announcement marked an important milestone for the company. “We are pleased to have been able to recapitalize the business through our existing bank facility on such favorable terms and maintain modest leverage,” he said. “We view this one-time special dividend as a clear demonstration of our commitment to returning capital to shareholders, as well as our confidence in the strong results and momentum of the business.”

[wzebra33]

NEW YORK--(BUSINESS WIRE)-- William H. Sadlier, Inc. ("Sadlier") (OTCPNK: SADL), a leading publisher of educational materials, announced that its Board of Directors, at a special meeting of the Board on November 29, 2012, declared a special dividend of $1.50 per share of its Common Stock payable on December 20, 2012 to holders of record at the close of business on December 12, 2012.

[fung_derf]

Oooops, nevermind, wrong symbol.
GRUB!

[wzebra33]

Dec. 7, 2012 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors declared a one-time special cash dividend of $2.00 per share, and authorized a stock repurchase program for up to a total of $50 million of shares of the Company's Class A Common Stock.

The special dividend reflects the Board's confidence in the financial strength and business prospects of Hyster-Yale and the cash available on the Company's balance sheet, and permits stockholders to take advantage of the current federal tax rate on dividends. The dividends are payable on both the Class A and Class B Common Stock, and will be paid December 27, 2012 to stockholders of record at the close of business on December 17, 2012.

Hyster-Yale's Board of Directors also authorized the repurchase of up to $50 million of the Company's outstanding Class A common stock. "The Board of Directors' approval of the special dividend and stock repurchase program reflects its confidence in the Company," said Alfred M. Rankin, Jr., Chairman, President and Chief Executive Officer of Hyster-Yale. "The Board has determined that a stock repurchase program is an appropriate use of Hyster-Yale's financial resources given the current price for our Class A Common Stock. We have a strong balance sheet and available cash resources that will allow us to implement the stock repurchase program and to pursue the Company's growth opportunities."

PR Newswire (http://s.tt/1weDO)

[wzebra33]

Dec. 7, 2012 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) today announced that on December 3, 2012, the Board of Directors voted, subject to closing the below-described Bank Rhode Island loan, to declare an extraordinary dividend of $2.25 per share payable to shareholders of record on December 17, 2012 with a payment date of December 27, 2012. For shareholders owning more than 100 shares, the dividend will be paid 20% ($.45 per share) in cash and 80% ($1.80 per share) by delivery of Dividend Notes issued by the Company. Shareholders owing less than 100 shares of any class of Company capital stock in their own name (not held by a broker) will receive the dividend in cash unless they elect to receive 80% in Dividend Notes. The Dividend Notes will have a term of ten years, bear interest at the rate of 5% per annum, payable semi-annually on June 15 and December 15, and will be subject to mandatory prepayment from the net cash proceeds derived by the Company from the sale of any of its real property, or the real property of any of its subsidiaries. The Dividend Notes will be unsecured but will be pari passu with the obligations of the Company to other creditors. The Dividend Notes will prohibit the Company from mortgaging any of its Capital Center District real property (other than mortgages with respect to Parcels 3S and 5) and the real property owned by the Company's subsidiaries without the approval of the holders of two-thirds of the outstanding principal amount of the Dividend Notes.

Robert H. Eder, Chairman of the Company, said: "On the recommendation of management, the Board decided to proceed with this extraordinary dividend in light of the tax changes which may take place on January 1, 2013 increasing the dividend rate from its current 15% to potentially 43.4%. Given the Company's consistent cash flow from its real estate operations, the Board of Directors was convinced that it would benefit the shareholders if a portion of its future dividend stream was paid in advance at what is today a favorable tax rate."

PR Newswire (http://s.tt/1wdge)

[wzebra33]

Dec. 6, 2012 /PRNewswire/ -- Tree.com, Inc. (NASDAQ: TREE), the parent company of wholly owned subsidiary LendingTree, LLC, today announced that its Board of Directors has approved a special cash dividend of $1.00 per share. Additionally, the company expects to meet or exceed the upper end of its most recent guidance, which was $14 million Adjusted Exchanges EBITDA for the full year 2012, and $2.5 million Adjusted EBITDA from continuing operations for the fourth quarter 2012.

(Logo: http://photos.prnewswire.com/prnh/20110518/MM04466LOGO )

Doug Lebda, chairman and CEO of Tree.com, noted, "As we committed to our shareholders, we are examining all the potential uses of our cash, and in addition to our continued share buyback plan, we believe it is appropriate at this time to return capital to our shareholders. Following this dividend, we will still have substantial capital resources to explore prudent acquisition opportunities, operate our business, and continue to repurchase our stock. We will continue to explore all of these avenues, in addition to the possibility of future dividends, and keep our shareholders appropriately informed of our strategy."

Commenting on the increased guidance for the fourth quarter, Lebda continued, "Sales to lenders and our marketing performance have continued to outperform our expectations, countering the typical seasonal trends in the fourth quarter. We are continuing to take market share and gain momentum which bodes well for our 2013 growth plans."

The $1.00 special cash dividend is payable on December 26, 2012 to shareholders of record on December 17, 2012. The total amount of the special dividend paid to shareholders will be approximately $11.5 million based on the current number of shares outstanding and will be paid using cash on hand.

PR Newswire (http://s.tt/1w8zA)

[wzebra33]

Dec 06, 2012 (BUSINESS WIRE) -- The Marcus Corporation MCS +3.26% today announced that its Board of Directors has declared a special cash dividend of $1.00 per common share and has accelerated the next two regular quarterly cash dividend payments totaling $0.17 per common share. The dividends are payable on December 28, 2012 to shareholders of record on December 17, 2012.

"The special cash dividend reflects our continuing commitment to enhancing shareholder value," said Stephen H. Marcus, chairman of The Marcus Corporation. "Due to potential changes in the tax law in 2013, we have also accelerated the quarterly cash dividends that would typically have been paid in February and May of 2013. We plan on returning to our regular quarterly dividend payment schedule beginning in August 2013."

The Board of Directors also declared a dividend of $0.90909 per Class B common share and accelerated the next two quarterly dividend payments totaling $0.15454 per Class B common share. The dividends on the Class B common stock, which is not publicly traded, will also be paid December 28, 2012 to shareholders of record on December 17, 2012.

The Marcus Corporation had 19,950,930 common and 8,777,714 Class B common shares outstanding as of September 28, 2012.

[Guitarmanlife]

yup... thanks agian dawn i'm up $156 from 2.30 i only wish i had of thrown more money at them.

[wzebra33]

December 6, 2012, GEO's Board declared a special dividend of $5.68 per share of common stock, representing approximately $350 million of accumulated earnings and profits, which will be paid on December 31, 2012 to shareholders of record as of December 12, 2012. Each shareholder may elect to receive payment of the special dividend either in cash or in shares of GEO common stock, except that GEO will limit the aggregate amount of cash payable to shareholders (other than cash payable in lieu of fractional shares) to the amount of cash paid pursuant to the lottery described below, plus 20% of the total dividend amount remaining after the lottery. Shareholders who elect to receive cash will be placed in a lottery to receive all cash, with the total cash consideration issued in the lottery capped at approximately $7.35million or 2.1% of the special dividend. Shareholders who do not make an election will be deemed to have chosen the cash option, but will not participate in the lottery. If, following the lottery, total cash elections (including deemed elections) exceed 20% of the remaining dividend amount, each shareholder electing to receive cash will receive stock and a pro rata portion of the available cash. As a result, a shareholder electing to receive all cash will receive at least 20% of the shareholder's portion of the dividend in cash.
http://www.dailyfinance.com/2012/12/06/the-geo-group-authorizes-special-dividend-of-350-m/

[wzebra33]

BALTIMORE, Dec. 6, 2012 /PRNewswire via COMTEX/ -- T. Rowe Price Group, Inc. (nasdaq-gs:TROW) announced today that its Board of Directors has declared a special cash dividend of $1.00 per share payable December 28, 2012 to stockholders of record as of the close of business on December 17, 2012.

[wzebra33]

Sirius Radio Plans 5 Cent Special Dividend, Stock Buyback
By Alex Sherman - Dec 6, 2012 7:02 AM PT
Sirius XM Radio Inc. (SIRI), the satellite- radio broadcaster, said it will issue a special dividend of 5 cents a share and repurchase as much as $2 billion in stock.

The special cash payout is payable Dec. 28 to stockholders of record as of Dec. 18, the company said today in a statement.

Sirius joins a growing number of companies paying special dividends or accelerating payments ahead of a potential U.S. tax increase next year. The total amount of the Sirius cash dividend is expected to be about $325 million, according to the New York- based company’s statement.

“The size of the capital return and the mix in favor of buybacks is roughly in line with our expectations, although the timing is slightly in advance of our forecasts,” James Ratcliffe, an analyst at Barclays Plc., said in a note to clients. Ratcliffe, who rates the shares the equivalent of hold, said he expected buybacks to be announced in January 2013.

“The desire to get the dividend in before a rise in dividend tax rates in 2013 drove the earlier announcement,” he said.

[wzebra33]

MKTX NEW YORK (AP) — Electronic trading platform MarketAxess's board has approved a special dividend of $1.30 per share, a move many companies are taking ahead of potential tax increases in 2013.

If the White House and Republican congressional leaders can't strike a deal on taxes and spending cuts, tax rates on dividend income will rise. That's prompted many companies to review their policies on payouts for shareholders, setting special one-time payments in December or moving up payments originally slated for 2013 to this year.

MarketAxess Holdings Inc. said Wednesday that the special dividend will be paid on Dec. 27 to shareholders of record on Dec. 14. Based on the company's shares outstanding, the total payout will be about $50 million.