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The board of Rancho Cordova's Internet Patents Corp., formerly InsWeb Corp., has declared a special cash distribution of $5 per share on the company's common stock, for a total distribution payment of about $33 million based on the current shares outstanding.
The distribution will be payable to share- holders of record as of Feb. 10 and be paid on March 9.
As of Jan. 4, the company had more than 6.6 million shares of its common stock outstanding and more than 1.4 million in outstanding and exercisable options.
Read more here: http://www.sacbee.com/2012/01/12/4181368/internet-patents-corp-to-pay-5.html#storylink=cpy
And-
http://seekingalpha.com/article/319349-internet-patents-special-dividend-should-unlock-value
Jan 12, 2012 (BUSINESS WIRE) -- Quality Products, Inc. /quotes/zigman/144105 QPDC -13.40% today announced its board of directors approved a special one-time dividend of $3.00 per share, or approximately $7,230,000. The special dividend will be payable on Wednesday, February 1, 2012 to shareholders of record on Wednesday, January 18, 2012. The dividend will be funded with bank financing.
SPAH last day for divy! 6:5.
http://www.nasdaq.com/reference/upcoming_splits.stm
Great Northern Iron Ore Propert
(NYSE: GNI )
Div & Yield: 23.00 (20.40%)
$2.00 DIVIDEND
SOUTHFIELD, Mich., Jan 09, 2012 (BUSINESS WIRE) -- Detrex Corporation DTRX -2.00% today announced that it has closed, effective January 1, 2012, the previously announced transaction to sell its subsidiary, Harvel Plastics, Inc. of Easton, PA to Georg Fischer AG for approximately $50 million in cash. Detrex Corporation's share of the after-tax sale proceeds is estimated to be $30 million.
The proceeds are subject to adjustments which will be determined when certain sales conditions are fulfilled. It is anticipated that the proceeds will be used to fund or reduce current Company obligations, and will place the Company in a strong financial condition going forward.
The Company also declared a special dividend of $2.00 per share to its shareholders. The dividend is payable on January 30, 2012 to shareholders of record as of January 20, 2012.
SPAH 6:5 split. I am in tomorrow!
http://www.nasdaq.com/reference/upcoming_splits.stm
From what I'm reading, they've been sitting on too much cash. It looks to me to be a decent growth strategy. Looks like a solid company. I may need to get on board. Good find. Thanks.
Always looking for good dividend stocks.
A giant dividend payout = the insiders cutting themself`s a fat check (IMO)
Bank of Mckenney $.27 dividend (4+%), going ex-dividend on 12/30...solid bank, held strong after last years payout....
Nice find! Don't see anything negative about this company.
wzebra33: Thank U very much. That is a very good source. Regards.
That`s OK just keep looking for breaking dividend news,the best link (IMO) is http://www.prnewswire.com/news-releases/financial-services-latest-news/dividends-list/
psgy.ob I was told not to count on that dividend. Forget I mentioned the stock! Sorry.
psgy.ob The dividend is 1 cent a quarter, or 4 cents a year, assuming it continues. At the current share price of .35, U do the math! This is a risky stock, being a microcap. Do your dd.
special dividend of $15 a share
Cabot Microelectronics Corp.'s CCMP +20.37% board agreed to provide a $15-a-share special dividend funded by cash on hand and new debt and boosted its share repurchase program, in an effort to buoy shareholder value.
Cabot makes chemical mechanical planarization polishing slurries and pads, which are used to smooth surfaces, such as semiconductor wafers.
Chief Financial Officer William Johnson said the plan for the special dividend is to return a significant portion of the company's cash balance not required for day-to-day operations back to shareholders. He added that the company has no debt outstanding and believed the new debt was a modest and prudent level of leverage.
Chief Executive William Noglows said he was pleased the company will be using its strong financial position to pay back shareholders and added that the new programs don't change the company's investment and growth strategies.
Cabot plans to pay a special dividend of $15 a share, about 37% of the Monday's closing price. The payout is expected to cost the company $345 million. Half the dividend will be funded from cash on hand and the other from new debt. The company said it plans to enter into a new $175 million term loan facility and a new $100 million revolving credit facility. It plans to declare and pay the special dividend during the first three months of 2012. Cabot doesn't provide a regular dividend.
The company also raised its stock buyback program to up to $150 million, from about $83 million. Cabot's market capitalization, as of Monday's close, was $922 million, according to FactSet.
In October, Cabot said its fiscal fourth-quarter earnings fell as softness in the semiconductor industry weakened revenue.
Shares closed Monday at $40.21 and were inactive premarket. The stock is down 3% year to date.
GAINSCO, INC. (the "Company") GANS +0.63% today announced that its board of directors approved a special cash dividend of $2 per share. The special dividend will be payable on December 29, 2011 to shareholders of record on December 20, 2011.
One stock that is always overlooked by the gurus of divvie stocks because it doesn't have the history built yet because it is fairly new is Seacube Container Leasing, which unlike TGH, Diana, and other tanker/freighter/container companies, is doing exceedingly well:
http://www.dividend.com/dividend-stocks/services/rental-and-leasing-services/box-seacube-container-leasing-ltd/
Company`s often try to get investors by increasing or adding a special dividend when the insiders feel the company`s stock price has dropped to much like paccar today,
http://www.marketwatch.com/story/paccar-unveils-70-cent-dividend-2011-12-06?reflink=MW_news_stmp
wzebra33: LTD Thanks for the info. When I look at the 52-week lows of some of these high yield stocks, I'm amazed. For example, you could have picked up LTD in the high $20's.
These stocks are often overlooked when people do their dd because usually only the regular dividend shows up on screens like the one on Yahoo! finance. When U add the regular dividend and the special dividend and figure the yield, it is wonderful. And if U throw in the capital appreciation if U bought low, you cannot beat it with a stick.
Limited Brands Inc. (LTD: News ) posted a comparable-store sales growth of 7 percent for the four weeks ended Nov. 26, 2011, compared with the previous year. The company's net sales slid to $872.6 million from $893.0 million a year earlier, driven by the sale of its third party apparel sourcing business in the beginning of November 2011.
In addition, the company's board declared a special dividend of $2 per share, payable on Dec. 23, 2011, to shareholders of record at the close of business on Dec. 12, 2011.
Further, the company expects 2011 free cash flow of about $700 million and a year-end cash balance, after the payment of the special dividend, of nearly $800 million. With this distribution, the company would have returned $12 billion to shareholders since 2000.
$5.00 Diamond Hill Investment Group, Inc. Announces Special Dividend
COLUMBUS, Ohio, Dec. 1, 2011 /PRNewswire via COMTEX/ -- Diamond Hill Investment Group, Inc. DHIL -1.07% today announced that its board of directors has approved a $5.00 per share cash dividend to shareholders of record on December 12, 2011 payable December 19, 2011. The Company expects the dividend will be characterized as qualified dividend income and that no portion of the dividend will represent a return of capital.
About Diamond Hill:Diamond Hill is an independent investment management firm with significant employee ownership and $8.4 billion in assets under management as of October 31, 2011. The firm provides investment management services to institutions and individuals through mutual funds, institutional separate accounts, and private investment funds. Diamond Hill's entire investment team shares the same intrinsic value investment philosophy focused on absolute returns, and the firm's interests are firmly aligned with its clients through significant investment in its strategies. For more information on Diamond Hill, visit www.diamond-hill.com .
SOURCE Diamond Hill Investment Group, Inc.
$4.00 special dividend
White River Capital, Inc. Declares One-Time Special Cash Dividend
RANCHO SANTA FE, Calif., Nov 28, 2011 (BUSINESS WIRE) -- White River Capital, Inc. RVR +0.56% ("White River"), announced that its Board of Directors has declared a one-time special cash dividend of $4.00 per share on its common stock to be paid December 22, 2011 to shareholders of record on December 8, 2011. The aggregate amount of the payment to be made in connection with the special, one-time dividend will be approximately $14.1 million. This one-time special cash dividend will be funded by the excess availability on the line of credit of White River's subsidiary, Coastal Credit LLC.
"White River's declaration of a one-time special cash dividend for a second year reflects our continued commitment to maximizing shareholder value," said John Eggemeyer, chief executive officer of White River. "Given the very strong capitalization of White River, we have the resources to provide our shareholders with a significant special dividend and to retain capital to continue to grow the company."
Shanda Games to pay special dividend; shares up»
Mon Nov 28, 2011 10:10am EST
* To pay $0.51 per class A and class B shares
* To pay $1.02 per ADS
Nov 28 (Reuters) - Chinese online games company Shanda Games Ltd announced a special cash dividend for shareholders, sending its shares up 11 percent.
The company said it will pay a one-time dividend of 51 cents a share, or $1.02 per American Depositary Share (ADS), aggregating to a total of $285 million.
It had cash and equivalents of around $583.9 million at the end of September.
Shanda Games, which is indirectly owned by soon-to-be-taken-private Shanda Interactive, will pay the one-time dividend to shareholders of record on December 20.
The company's Nasdaq-listed ADSs, which have lost almost 40 percent in value this year, were up 11 percent at $4.44 in early trade on Nasdaq.
wzebra33: DO Good advice for someone who is not familiar with special divvies. DO has been paying the special divvie for years, though it has reduced it, and could eliminate it entirely if necessary. In good times, though, they can raise the special dividend.
I like this board and will try to attract some SERIOUS, conservative investors.
Special dividends are just that "special" the paying company is getting cash back to the stock holders one time. Sometimes it`s a large payout .
Don`t count on a company doing it every year or at the same time or year.
Just keep watching the PR`s
SDRL has a fat dividend, and the stock seems to be trading back and forth in the $30-36 range (approx.)
BKCC's yield is about 13.3% at Friday's closing price. $1.04 a year dividend, next ex dividend date is 12/19 (26 cents to be paid).
Its one of my favorite high yield dividend stocks. Stable dividend and company, no Euro exposure and very conservative investment strategies being deployed by management..
Company has been buying its own stock over the last two quarters and BKCC recently had a BUY rating upgrade.
wzebra33: DO The special dividend is overlooked, imo, when people first dd the stock.
$4.50 Nov. 25, 2011 /PRNewswire/ — LyondellBasell (LYB) today announced that its Management Board has declared a special dividend of $4.50 per share payable on Dec. 16, 2011 to shareholders of record on Nov. 25, 2011.
The Management Board also declared an interim dividend of $0.25 per share payable on Dec. 16, 2011 to shareholders of record on Nov. 25, 2011.
The company announced on Nov. 14, 2011 that its Supervisory Board had authorized the Management Board to declare these dividends.
LyondellBasell (LYB) is one of the world’s largest plastics, chemical and refining companies. The company manufactures products at 58 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels. More information about LyondellBasell can be found at www.lyondellbasell.com.
Farmers & Merchants Bank of Long Beach Declares Fourth-Quarter Cash Dividend of $21 Per Share, Special Dividend of $25
LONG BEACH, Calif., Nov 23, 2011 (BUSINESS WIRE) -- Farmers & Merchants Bank of Long Beach /quotes/zigman/226660 FMBL -1.15% today announced that its board of directors has declared a regular quarterly cash dividend of $21 per share and a special dividend of $25 per share on the Bank's common stock. Both dividends are payable on December 15, 2011 to shareholders of record as of December 1, 2011.
Bolt Technology Announces Special Dividend
NORWALK, Conn., Nov 22, 2011 (GlobeNewswire via COMTEX) -- Bolt Technology Corporation BOLT +6.28% today announced that its Board of Directors has declared a special cash dividend in the amount of $1.00 per share to be paid on December 20, 2011 to shareholders of record on December 6, 2011.
Commenting on the dividend, Raymond M. Soto, Chairman, President and CEO, said, "The special dividend reflects the Company's profitability during the last several years and enforces our commitment to delivering shareholder value. The Company has a strong balance sheet which included over $31 million in cash at September 30, 2011. The special dividend payment of approximately $8.6 million should not impair our ability to pursue our corporate strategies, including the repurchase of our stock and future acquisitions. In addition to declaring the special dividend, the Board is also considering the institution of a regular quarterly dividend based on, among other things, future operating profitability."
Espey Declares Special Cash Dividend of $1.00 per Share and Regular Cash Dividend of $0.225 per Share
SARATOGA SPRINGS, NY, Nov 21, 2011 (MARKETWIRE via COMTEX) -- The Board of Directors of Espey Mfg. & Electronics Corp. (nyse amex:ESP) has declared a special cash dividend of $1.00 per share. This special dividend is in addition to a regular quarterly dividend of $0.225 of common stock per share. The dividends will be payable on December 22, 2011 to all shareholders of record on December 2, 2011.
Espey's primary business is the development, design, and production of specialized military and industrial power supplies/electronic equipment. The Company's web site can be found on the Internet at www.espey.com .
PEORIA, Ill., Nov 17, 2011 (BUSINESS WIRE) -- RLI Corp. RLI +0.35% -- The RLI Corp. board of directors has declared an extraordinary cash dividend of $5.00 per share of common stock, which is expected to total approximately $105 million, and a regular quarterly cash dividend of $0.30 per share. Both dividends are payable on December 20, 2011 to shareholders of record as of November 30, 2011.
Special Cash Dividend of $1.50 Per Share
GREENWICH, Conn., Nov. 17, 2011 /PRNewswire/ -- Blyth, Inc. (NYSE: BTH), a leading multi-channel designer and marketer of home fragrance and home decor, as well as health and wellness products, today announced that its Board of Directors has declared a special cash dividend of $1.50 per share on the Company's common stock, for a total dividend payment of approximately $12.5 million. The special dividend will be payable to shareholders of record as of December 1, 2011 and will be paid on December 15, 2011.
The special dividend declared today is in addition to regular semi-annual dividends declared and paid during the fiscal year ending January 31, 2012 totaling $0.20 per share on the Company's common stock. Accordingly, inclusive of the special dividend announced today, the Company will declare and pay dividends of $1.70 per share, or $14.2 million, in fiscal year 2012.
Robert B. Goergen, Blyth's Chairman of the Board and Chief Executive Officer, commented, "We take a conservative approach to our regular dividend payments given the seasonal nature of our business in spite of our strong cash position. We have now examined our dividend payment based on Blyth's operating performance and general economic conditions. The Board of Directors believes dividends represent an important element in support of our goal to deliver long-term returns to our shareholders."
Blyth, Inc., headquartered in Greenwich, CT, USA, is a multi-channel company primarily focused on direct selling. We design and market home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drink mixes. These products are sold through the home party plan method of direct selling and through network marketing, respectively. The Company also designs and markets household convenience items and personalized gifts through the catalog/internet channel, as well as tabletop lighting and chafing fuel for the foodservice trade. The Company manufactures most of its candles and chafing fuel and sources nearly all of its other products. In North America, its products are sold direct to the consumer under the PartyLite®, Two Sisters Gourmet® by PartyLite and ViSalus Sciences® brands, to consumers in the catalog/Internet channel under the As We Change®, Easy Comforts®, Miles Kimball®, Exposures® and Walter Drake®, and to the Foodservice industry under the Sterno®, Ambria® and HandyFuel® brands. In Europe, Blyth's products are also sold under the PartyLite brand.
Blyth, Inc. may be found on the Internet at www.blyth.com.
China Distance Education Holdings Ltd. (DL) Declares $0.48 Specal dividend
Dividend; 18.6% Yield
November 16, 2011 4:31 PM EST
China Distance Education Holdings Ltd. (NYSE: DL) declared a special dividend of $0.48 per share, or $0.48 annualized.
The dividend will be payable on December 25, 2011, to stockholders of record on December 15, 2011, with an ex-dividend date of December 13, 2011.
The annual yield on the dividend is 18.6 percent.
Werner Enterprises Announces Quarterly and Special Dividends
OMAHA, Neb.--(BUSINESS WIRE)--Nov. 15, 2011-- Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation’s largest transportation and logistics companies, announced today that its Board of Directors declared a regular quarterly cash dividend of $.050 (5.0 cents) per common share payable to stockholders of record at the close of business on January 9, 2012. This dividend will be paid on January 24, 2012.
Werner Enterprises is currently in its twenty-fifth year of paying quarterly cash dividends on its common stock to its stockholders. The first quarterly cash dividend was paid by Werner Enterprises in July 1987.
Werner also announced that its Board of Directors declared a special cash dividend of $0.50 (50.0 cents) per common share payable to stockholders of record at the close of business on November 30, 2011. This dividend will be paid on December 15, 2011. As a result of the special dividend, a total of approximately $36 million will be paid on Werner’s 72.8 million common shares outstanding. No portion of the $0.50 special dividend is considered to be a return of capital. Werner also paid special cash dividends of $1.60 per common share in December 2010, $1.25 per common share in December 2009, and $2.10 per common share in December 2008.
This is the fourth consecutive year that Werner will pay a special dividend to shareholders as a way to further enhance shareholder return. It is Werner’s intention to continue to expand its profits in the future by keeping its fleet count flat for the near term and increasing its operating margin percentage with improved rates, high utilization and a lean cost structure. Werner also intends to accelerate growth of its non-asset-based logistics services of brokerage, freight management, intermodal and global freight forwarding to create a planned balanced portfolio of revenues comprised of one-way truckload, dedicated and logistics.
Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico, China and Australia. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and local van; expedited; temperature-controlled; and flatbed services. Werner's Value Added Services portfolio includes freight management, truck brokerage, intermodal, and international services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage.
Werner Enterprises, Inc.’s common stock trades on the NASDAQ Global Select MarketSM under the symbol “WERN”. For further information about Werner, visit the company’s website at www.werner.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on information presently available to Werner’s management and are current only as of the date made. Actual results could also differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in Werner’s Annual Report on Form 10-K for the year ended December 31, 2010. For those reasons, undue reliance should not be placed on any forward-looking statement. Werner assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure.
Source: Werner Enterprises, Inc.
Werner Enterprises, Inc.
John J. Steele, 402-894-3036
Executive Vice President, Treasurer and
Chief Financial Officer
Nov. 14, 2011, 8:12 a.m. EST
LyondellBasell paying special $4.50/share dividend
NEW YORK (MarketWatch) -- LyondellBasell Industries N.V. LYB +0.33% said on Monday that its board has authorized a special dividend of $4.50 per share to be paid on Dec. 16, 2011 to shareholders of record as of Nov. 25, 2011." The special dividend of approximately $2.6 billion will return value to shareholders and will be financed using a combination of existing cash and proceeds from a recent debt financing," the firm said in a press release.
Date: Wednesday, November 9, 2011, 5:04pm EST
Bethesda-based software maker Opnet Technologies Inc. reports record revenue for its 2012 fiscal second quarter, and the company announced a one-time special dividend for shareholders.
The company, whose software helps customers manage networks, had fiscal second-quarter revenue of $41.9 million, compared with revenue of $36.1 million in the same quarter a year earlier. Net income was $4.8 million, or 21 cents per share, compared with net income of $2.9 million, or 13 cents per share.
Opnet forecasts fiscal second-quarter revenue of as much as $49 million and per-share earnings of as much as 32 cents.
Opnet’s board declared a one-time cash dividend of 85 cents per share to be paid on Dec. 15 to shareholders of record as of Dec. 1. It also declared a regularly quarterly dividend of 12 cents per share.
Nov. 10, 2011, 4:01 p.m. EST
Evolving Systems Declares Special Dividend of $2.00 per Share
ENGLEWOOD, CO, Nov 10, 2011 (MARKETWIRE via COMTEX) -- Evolving Systems, Inc. EVOL +5.95% , a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it will distribute approximately $22.0 million in cash to stockholders in the form of a $2.00 per share one-time special dividend payable on January 3, 2012 to stockholders of record as of December 12, 2011.
"The Evolving Systems Board has carefully reviewed our capital structure and believes that payment of a special dividend is in the best interests of all Evolving Systems' stockholders," said Thad Dupper, Chairman and CEO. "Over the past several years we have strengthened our balance sheet and built substantial cash reserves through a combination of solid, consistent earnings as well as the recent sale of our Numbering business. Accordingly, we have decided to distribute a portion of those reserves to stockholders while retaining a substantial balance of cash and liquid investments that is sufficient to support growth initiatives and maintain a healthy balance sheet."
As of September 30, 2011, Evolving Systems had cash and cash equivalents combined with long-term investments in marketable debt securities that totaled $50.3 million.
About Evolving Systems(R) Evolving Systems, Inc. EVOL +5.95% is a provider of software and services to 50 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of connected devices. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. Further information is available on the web at www.evolving.com .
Press release
Nov. 9, 2011, 4:05 p.m. EST
OPNET Announces Special Dividend Set at $0.85 Per Share
BETHESDA, Md., Nov 9, 2011 (GlobeNewswire via COMTEX) -- OPNET Technologies, Inc. OPNT -9.61% , a leading provider of solutions for application and network performance management, today announced that its Board of Directors has approved a one-time special dividend in the amount of $0.85 per share, which will be paid on December 15, 2011 to stockholders of record at the close of business on December 1, 2011.
Marc A. Cohen, OPNET's Chairman and CEO, stated, "The decision to pay a special dividend reflects our history of generating cash from operations, our strong balance sheet, and our confidence in our long-term growth prospects. This payout will not affect our long-standing commitment to invest in innovation, and is not expected to alter our previously announced plan to issue a quarterly dividend."
The declaration of cash dividends in the future, as well as the amount of any such dividend, is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company's future financial performance and its available cash resources, its cash requirements, and its requirements for alternative uses of cash.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. OPNT -9.61% is a leading provider of solutions for application and network performance management. For more information about OPNET and its products, visit www.opnet.com .
OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
NEW YORK — Dish Network Corp. posted another loss of subscribers from its slowly dwindling satellite-TV business, even as larger competitor DirecTV adds to its base.
Investors, however, were cheered by the announcement of a $2 per share special dividend.
Dish shares rose $1.18, or 5 percent, to close at $24.66 Monday after rising as high as $25.15 earlier. The stock price reflects a calculation by investors that the dividend didn't quite make up for the results, which missed analyst expectations.
Dish declared a similar $2 per share special dividend in 2009. It doesn't pay a regular dividend.
Driving the decision to pay out a dividend, said chairman Charles Ergen, was speculation that taxes on dividends will increase.
"We'd looked at some other investments and acquisitions and weren't able to do those, so you put all those things together and a non-recurring dividend made some sense," Ergen said.
Dish's subscriber losses translated into higher net income for the quarter, as it avoided the short-term cost of getting new subscribers set up with dishes and set-top boxes.
The Englewood, Colo., company said its net income climbed 30 percent to $319.1 million, or 71 cents per share, in the three months that ended Sept. 30. That's up from $244.9 million, or 55 cents per share, a year ago.
Analysts polled by FactSet were on average expecting earnings of 74 cents per share.
Revenue rose 12 percent to $3.6 billion from $3.2 billion a year ago, chiefly because of the acquisition of the Blockbuster video-store chain in April. Analysts were on average expecting revenue of $3.64 billion.
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The period was the first full quarter of results for Blockbuster after the acquisition. The division essentially broke even on $347 million in revenue. Chief Financial Officer Robert Olson said its profitability was inflated because Dish bought the stores and their DVD inventory for less than book value. As the company buys new DVDs, that effect will diminish, and the stores will start posting losses again unless Dish figures out a way to improve profitability.
Olson said the company's goal is to have the stores at least break even while it tests new marketing ideas, some of which include the satellite-service. Dish has already launched a Blockbuster-branded Internet TV service for its satellite subscribers.
Dish lost a net 111,000 satellite subscribers in the quarter. That was mainly because fewer new subscribers signed up, rather than accelerated losses. But the loss rate is still high, something the company blames on competitor's aggressive promotions.
Analyst Mike McCormack at Nomura Securities also noted that the average monthly fee per subscriber was just $76.99, well below his estimate of $78.84, saying that was "of particular concern."
DirecTV Group Inc. last week reported adding a record 327,000 subscribers in the third quarter, greatly helped by its exclusive NFL Sunday Ticket.
Dish ended the quarter with 13.9 million subscribers, the same number it had two years ago. That makes it the third-largest provider of paid TV signals to U.S. households. DirecTV had 19.8 million, making it second only to Comcast Corp. as a pay-TV provider.
The dividend will be paid Dec. 1 to shareholders of record on Nov. 17.
International Leisure Hosts, Ltd. Declares a $1.00 per Share Special Dividend
A $1.00 per common share special dividend will be paid on November 18, 2011 to shareholders of record as of the close of business on November 11, 2011.
Tempe, AZ (PRWEB) November 03, 2011
International Leisure Hosts, LTD. Declares a Special Cash Dividend
International Leisure Hosts, Ltd. (ILHL), owner and operator of Flagg Ranch Resort, a full-service resort motel and trailer park located in the John D. Rockefeller Jr. Memorial Parkway, near Grand Teton and Yellowstone National Parks, announced today that the Company’s Board of Directors has declared a special cash dividend of $1.00 per common share. The dividend will be payable November 18, 2011 to shareholders of record as of the close of business on November 11, 2011.
Nov. 2 (Bloomberg) -- Wynn Resorts Ltd., operator of the Wynn and Encore casinos, rose as much as 5.7 percent after declaring a $5 a share special dividend.
Wynn climbed to $134.56 at 10:14 a.m. New York time, after reaching $135.88 earlier. The shares had gained 24 percent this year before today.
The dividend is payable on Dec. 21 to holders of record on Nov. 23, Wynn said today in a statement. Wynn had disappointed investors on Oct. 19, when Chief Executive Officer Stephen Wynn told investors a special dividend was uncertain. The shares fell 5.3 percent the next day.
wz,thanks for reminding me of it,DHIL is a good one.I remember playing it 2 years ago(it gave out a 10$ special divy at that time),did well on it.Guess I'm late this time,missed the bus!
DHIL Diamond Hill Investment Group, Inc. announced a special dividend to be declared on or around December 1, 2011. The Company anticipates that its board of directors will approve a dividend of $5.00 per share to be paid prior to December 31, 2011. It is also expected that the dividend will be characterized as qualified dividend income and that no portion of the dividend will represent a return of capital. Previous dividends declared by the Company included a substantial return of capital; however, the board decided not to return any capital in 2011. In determining the final amount of the dividend the Company will consider fourth quarter operating results, 2012 capital requirements, and a desire to not make a return of capital distribution.
Oct. 27, 2011 /PRNewswire/ -- Weis Markets, Inc.'s (NYSE: WMK) Board of Directors today declared a quarterly dividend of $.30 per share and a special one-time dividend of $1 per share to shareholders of record as of November 1, 2011, payable on November 21, 2011.
Commenting on the increased quarterly and special dividend, Weis Markets Chairman Robert F. Weis said the Company was taking steps to reward shareholders. At the same time, he said the Company continues to grow organically and through acquisitions. Currently, the Company is approximately three-quarters through its aggressive $100 million 2011 capital expansion plan.
Oct 20, 2011 (BUSINESS WIRE) -- Diamond Offshore Drilling, Inc. DO +0.87% announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on December 1, 2011 to shareholders of record on November 1, 2011.
LyondellBasell Plans to Pay $2.6 Billion Dividend by Year-End"The dividend would be about $4.55 per share"
Q
By Jack Kaskey - Oct 21, 2011 6:51 AM PT
LyondellBasell Industries NV (LYB), the chemical maker that emerged from bankruptcy protection last year, plans to pay a special dividend of as much as $2.6 billion as it refinances debt.
The special dividend will be paid in the current quarter from existing cash, David Harpole, a Houston-based spokesman for Rotterdam-based LyondellBasell, said today in a telephone interview. , based on reported shares outstanding.
LyondellBasell announced a tender offer late yesterday for $2.8 billion of Lyondell Chemical Co. notes due in 2017 and 2018, and it will ask noteholders to modify covenants that have limited the ability to pay more cash to shareholders. The debt will be refinanced at a lower rate, Harpole said.
Lower interest payments could add 32 cents a share to annual earnings, said Laurence Alexander, a New York-based analyst at Jefferies & Co.
“This step to normalize the capital structure is occurring ahead of expectations, and underscores the company’s confidence in its free cash flow profile even in an uncertain environment,” Alexander said today in a note.
LyondellBasell rose 8.7 percent to $29.78 as of 9:46 a.m. in New York. The shares earlier climbed as much as 14 percent, the biggest intraday gain since the shares started trading in April 2010 with its emergence from bankruptcy.
Special dividend,no share amount stated in the PR
CHATSWORTH, Calif., Oct 20, 2011 (BUSINESS WIRE) -- The Board of MRV Communications, Inc. MRVC -2.29% announced today that it will distribute $75 million via a special dividend on November 1, 2011 to stockholders of record as of October 20, 2011.
Additionally, to ensure MRV option holders are not adversely impacted by the dividend, the Board has approved a staggered cash payment to option holders equal to the loss in fair value of their options attributable to the dividend. The first installment of this payment will be paid out immediately following the special dividend, and a more substantial final installment (conditioned upon continuous service to MRV) will be paid out twelve months following.
The Board also disclosed that it had been advised by Houlihan Lokey in connection with an analysis of the feasibility of the cash dividend. Houlihan Lokey has also been engaged to advise the Board in connection with the Company's strategic and capital allocation alternatives. There can be no assurances that any additional action will result from this strategic review.
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I will post links to all that are worthy here in the IBOX.
thank you in advance to all that participate.
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Explanation of Dividend Dates
Ex-dividend: To receive a declared dividend the shares must be purchased before the ex-dividend date. If you buy on or after ex-dividend date you are not entitled to receive the current dividend.
Record date: The record date is the date by which an investor must be registered as a shareholder to be entitled to a dividend.
Payment date: The date of which the dividend is paid out.
You can sell the stock on the ex-dividend date of and still get the dividend but you would not make any money. Every time a dividend is paid, the closing price on the day before the ex-dividend is adjusted downward by the dividend amount.
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(Stock Dividend section)
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid,
http://www.nasdaq.com/about/FAQsMarketIntegrity.stm
TAX info
Dividends are taxed either as ordinary income or as qualified dividends. A qualified dividend is a dividend on which the issuing company has already paid tax. The dividend is then taxed again on the shareholder's tax return, but at a lower qualified dividend tax rate. The tax rate on qualified dividends is 5% or 15% (depending on the individual's income tax rate). If the individual has a regular income tax rate of 25% or higher, then the qualified dividend tax rate is 15%. If the individual's income tax rate is less than 25%, then qualified dividends are taxed at the 5% rate.
Ordinary and qualified dividends are reported on Form 1099-DIV. All dividends paid will be reported as ordinary dividends on Form 1099-DIV box 1a. Some or all of these ordinary dividends may be qualified dividends. Qualified dividends are reported on Form 1099-DIV box 1b.
Dividends are reported on Form 1040 Schedule B and Form 1040 lines 9a and 9b
Link to daily dividend news http://www.primenewswire.com/newsroom/keyword.html?kw=DIVIDEND
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