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looks good to me buy under 11 reap dividends either hold long or sell at 14
Terrible looking chart.
Insider Own 50.90% LPHI...
I'm seeing a lot of potential here
IF they can get the SEC off their back!
:)
Here is some interesting information
on shorting/naked shorting/and the result of on divys...
"In order to determine whether your shares have been loaned out for use by short sellers, check the 1099 form sent to you by your broker. There are different sections in this form. If your shares have not been loaned out, then you will see that dividends have been paid and that amount will be noted in the "1099-DIV" section of the form. If your shares have been loaned out without your knowledge, then you will see that the income earned from LPHI shares is noted in the 1099-MISC section of the form, and you will see a payment called, "Substitute Payments in Lieu of Dividends or Interest." If you are receiving payments in lieu of dividends, these funds are taxed at ordinary income tax rates, not the special, lower tax rate paid on dividend income.
Additionally, if you purchased shares from a person engaged in naked short selling, you have what might be called “phantom shares” – the shares do not exist since the naked short seller sold shares he did not own. In this case, you would also see dividend payments that are reported in the 1099-MISC section of your form. This is because, since the shares do not really exist, the company did not pay a dividend on them. Therefore, the broker owes you the same amount of money in substitution for the dividend. If you have any questions regarding these payments, contact your broker as to the terms of your brokerage agreement. With regard to the tax consequences of these payments, please consult your tax advisor."
Here is one I'm looking into... LPHI...
I'm still digging, but it's worth a look.
The divy is good and due to their legal problems the pps
is WAY down!
If they can get the legal problems resolved the pps should get a huge boost...
and did after they announced their win against Texas...
but then it tanked again
(probubly bagholders bailing)
I'm thinking this might be a good oportunity to get in...
"WACO, Texas, Sep. 26 /BusinessWire/ -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that Travis County District Judge Stephen Yelenosky ruled that the life settlement transactions that it facilitates are not securities under Texas law. Although subject to appeal, the ruling effectively ends the Texas Attorney General's suit against Life Partners, which had asserted that the 21-year-old company's life settlement transactions were securities under Texas law. In making its ruling, the Court denied all relief sought by Texas Attorney General Greg Abbott which includes an end to a temporary restraining order which will permit Life Partners to pay the $0.10 dividend it had previously declared to shareholders of record as of September 3, 2012. The court made the ruling after a two-day evidentiary hearing."
another article said there would be an appeal...
The backstory there...
"Life Partners Responds to Texas Lawsuit
WACO, Texas, Aug. 16 /BusinessWire/ -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that the Texas Attorney General, acting for the State Securities Board, filed suit against Life Partners, Life Partners, Inc., its Chairman and President, Brian Pardo, and its General Counsel, Scott Peden. Pardo and Peden are also directors of Life Partners.
The suit seeks a temporary restraining order and appointment of receiver based generally on allegations that Life Partners' life settlements are securities under Texas law and that Life Partners made various misrepresentations in the sale of the life settlements, including misrepresentations about the life expectancies of the insureds.
Life Partners' Chairman, Brian Pardo, responded, "We deny the allegations in the strongest possible terms. First, the Federal D.C. Circuit Court of Appeals and Texas state courts have reviewed our life settlements and ruled that they are not securities. Secondly, we did not misrepresent our life settlements. The life expectancy estimates we provided to purchasers were made by a third party in good faith."
Pardo continued, "The allegation that we are nearing insolvency is spurious. It is speculation drawn from innuendo. The facts are that we currently have more than $10 million in cash on hand, $45 million in assets, and virtually no debt. Our financial ratios are solid, including a better than 5:1 current ratio at the last quarter. Our business has largely stabilized after the blow we suffered with the SEC enforcement action last year. Our net cash used in operating activities was $(1.8) million in the last quarter, $(1.9) million in the quarter preceding, and has averaged $(1.86) million for the last five quarters. Through sales of non-strategic assets in the last quarter, we increased our overall net cash by $1.4 million and realized net income of over $1.0 million. Given our asset base and cash position, our financial losses are manageable and do not threaten our ability to continue as a going concern. The objective facts refute the outlandish and irresponsible financial claims made in the suit."
Life Partners is the world's oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called "life settlements." Since its incorporation in 1991, Life Partners has completed over 143,000 transactions for its worldwide client base of over 29,000 high net worth individuals and institutions in connection with the purchase of over 6,500 policies totaling approximately $3 billion in face value."
They are also fighting the SEC:
"Life Partners Holdings, Inc. (NASDAQ GS: LPHI) responded today to notice that a lawsuit has been filed against it by the Securities and Exchange Commission. The Company believes the action is without merit and will vigorously defend itself and its officers.
Life Partners’ Chairman, Brian Pardo, stated, “It is very disappointing that the SEC has chosen to pursue litigation over issues that we believe have no merit and financial presentation issues that we do not believe are material. We have always done our best to deliver value to our shareholders and to run an honest and transparent company. We intend to vigorously defend ourselves against these meritless claims.”
The lawsuit targeted Life Partners Holdings, Inc. and certain of its officers, but no claims were filed against the company’s operating subsidiary, Life Partners, Inc., and the action has no effect on any of Life Partners, Inc.’s transactions or clients.
Life Partners is the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called “life settlements.” Since its incorporation in 1991, Life Partners has completed over 137,000 transactions for its worldwide client base of over 28,000 high net worth individuals and institutions in connection with the purchase of over 6,400 policies totaling approximately $3 billion in face value."
No resolution of that yet, but I found this...LOL!
"Life Partners Holdings Announces Securities and Exchange Commission Sanctioned for Violation of Federal Rules of Civil Procedure
WACO, Texas, Aug. 20 /BusinessWire/ -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), announced today that United States District Court for the Western District of Texas on Friday issued an order sanctioning the Securities and Exchange Commission for violating the Federal Rules of Civil Procedure and ordering that federal agency pay Life Partners Holdings $5,000 in attorney's fees.
The order, which was the result of a motion for sanctions filed by Life Partners, finds that the Securities and Exchange Commission violated the Federal Rules of Civil Procedure by taking the deposition of a non-party witness without proper notice to Defendants, without conference with opposing counsel and without asking leave from the Court.
In its seven page order, the Court stated that "administrative agencies are unquestionably bound by the rules when they are parties in civil actions." The Securities and Exchange Commission filed a civil action against Life Partners Holdings, Inc. and certain of its officers in January of this year. The company's wholly owned subsidiary, Life Partners, Inc., was not named in the civil action.
The company has previously stated it believes the action is without merit and will vigorously defend itself and its officers."
JE "This is my best Dividend Machine
A Canadian energy group serving over 4 million people.
Suggestion: Buy in at or under $10.80 a share and wait for a monthly dividen or .1033 a share (11.30annual%)"
Thanks for the tip!
I don't have a 1/2 Mil to invest right now...
but hey, ya got to start somewhere
:)
I like that they put this out:
http://www.dividendchannel.com/quotes/?a=news&ticker=a&w=&story=2012070806233001.html
"As regards dividends, the Company's policy is clear. With the announcement of the Trust Tax in October 2006, it was perceived that all former Income Trusts must reduce their level of distribution to offset the incremental taxation at the corporate level. Since that date, investors have asked whether the then level of distribution could be sustained following the tax. At the time, Just Energy stated that its projected level of growth would allow it to sustain its distribution as a dividend following conversion and the growth seen over the period has allowed the Company to do so. As regards fiscal 2013, given the published growth forecast and results to date, management can confirm that there is no need to reduce the dividend within the Company's planning period. Accordingly, Just Energy reaffirms its $1.24 dividend."
Is JE one of those type companies that part of the dividend won't be received because it is taken as a tax by the Canadian govt.??
Once you cash out of whatever stock your in and have made your millions I'd invest them into JE
This is my best Dividend Machine
A Canadian energy group serving over 4 million Canadian and northern American people that has done nothing but improve over time.
Suggestion: Buy in at or under $10.80 a share and wait for a monthly dividen or .1033 a share (11.30annual%)"
$500000 = 46296 @ 10.80 a share and that equals $4782.38 a month in dividends.
TransDigm Group Incorporated Announces Successful Completion of Notes Offering and Special Cash Dividend
Monday, October 15, 2012 5:20 PM
CLEVELAND, Oct. 15, 2012 /PRNewswire/ -- TransDigm Group Incorporated ("TransDigm Group") (NYSE: TDG) announced today that its wholly-owned subsidiary, TransDigm Inc. (the "Company"), has successfully completed its previously announced offering of $550 million aggregate principal amount of 5.50% senior subordinated notes due 2020 (the "Notes"). Also today, TransDigm Group announced the funding of an additional incremental term loan of $150 million and that its board of directors has authorized and declared a special cash dividend of $12.85 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans. The record date for the special dividend is October 25, 2012, and the payment date for the dividend is November 5, 2012.
BOSTON--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYS: IRM) , today announced that its Board of Directors has declared a special dividend to shareholders in connection with the Company's previously announced plan to convert into a Real Estate Investment Trust ("REIT"). The special dividend of $700 million, or approximately $4.07 per share based on the number of shares currently outstanding (the "Special Dividend"), represents a significant part of the distribution that would eventually be required should the Company successfully convert to a REIT.
"Today's announcement marks an important milestone in our plan to convert to a REIT," said Richard Reese, Iron Mountain's Chairman and Chief Executive Officer. "Iron Mountain is a great business with high returns and strong cash flow driven by consistent financial performance. This special dividend is consistent with our previous commitment to increase shareholder payouts, and our operating as a REIT will further enhance our ability to generate attractive total returns for our stockholders."
The Special Dividend represents the initial distribution to satisfy the requirement that the Company pay to stockholders its accumulated earnings and profits ("E&P") of approximately $1 billion to $1.5 billion in connection with its potential conversion to a REIT, which is expected to occur no sooner than its taxable year beginning January 1, 2014. Provided the Company converts to a REIT, it expects to distribute the remaining balance of its E&P after the conversion. The amount and timing of future special E&P distributions will be based, in part, on U.S. Internal Revenue Service rules and the timing of the conversions of additional international operations into the REIT structure.
The Special Dividend is payable on November 21, 2012 to stockholders of record as of the close of business on October 22, 2012. Stockholders can elect to receive payment of the Special Dividend in the form of stock or cash, with the total cash payment to all stockholders limited to no more than $140 million, or 20 percent of the total distribution. The amount of shares to be distributed will be determined based upon stockholder elections and the average closing price on the three trading days following November 14, 2012. Election forms will be mailed to all stockholders promptly following the record date.
Inteliquent's (IQNT:Quote) board has declared a special one-time cash dividend of $3.00 per share, or about $97 million in the aggregate, which would be funded with available cash on hand.
Additionally, Inteliquent said it is engaged in ongoing talks with one of its largest customers that may result in a significant reduction in the rates that the customer pays to the company and require the company to pay to terminate certain traffic to that customer.
The payment date for the special one-time cash dividend is October 30, 2012. At $3.00 per share, the dividend represents nearly 33% of the company's closing stock price on October 3, 2012. As per NASDAQ rules, when a dividend is declared in a per share amount that exceeds 25% of a company's stock price, the date on which that company's shares would begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The company understands from NASDAQ that, because the dividend is expected to exceed 25% of its share price, NASDAQ would apply this rule, and the company expects that the ex-dividend date as set by NASDAQ would be October 31, 2012, the first business day following the payable date for the dividend.
The record date for the special one-time cash dividend is the close of business on October 16, 2012.
No firm date so be careful of it ,pinky stock with just 2 on payroll so it`s a very high risk (IMO)
Heating and cooling company Watsco Inc. said Monday that its board declared a special cash dividend of $5, totaling about $172 million, and a regular quarterly cash dividend of 62 cents.
Both dividends will be paid on Oct. 31 to shareholders of record as of Oct. 15.
any update on this!
Medisafe 1 Technologies Corp. (MFTH)
-OTC BB
0.0047 Up 0.0029(161.11%)
Medisafe 1 Technologies Anticipates a Special Dividend of $0.01 (One Cent) to Each Shareholder of One Common Stock pending the $7MM Perpetual License Sale of Technology Rights
By Medisafe 1 Technologies Corp.
Published: Monday, Sep. 10, 2012 - 5:39 am
JERUSALEM, September 10, 2012 -- /PRNewswire/ --
Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company intends to issue a one-time special dividend to all existing shareholders pending the perpetual license sale of technology rights to a third party.
As recently reported, Medisafe 1 Technologies has advanced negotiations to enter into a non-exclusive perpetual license agreement that would transfer rights for the full commercialization, marketing and distribution of its patented medicinal locking mechanism and bar-code matching system.
Terms of the sale include a one-time payment of $7MM. The perpetual license agreement is anticipated to be signed within 30 days, pending the results of a due diligence study by the intended buyer.
The estimated dividend amount payable to each shareholder of one common stock is $0.01.
"Upon the anticipated completion of this non-exclusive perpetual license agreement, we will be extremely pleased to be able to reward our shareholders with this special dividend," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "Similarly, we intend to continue to update our shareholders with further information following the sale's closing."
About Medisafe 1 Technologies
Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.
Forward-Looking Statements
This letter contains 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. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Medisafe 1 Technologies Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Medisafe 1 Technologies Corp. public filings may be viewed at http://www.sec.gov.
Contact:
Jacob Elhadad CEO +972-524440000 Jacob.elhadad10@gmail.com
COUNSELOR SEVERAL SHIFTS AVAILABLE
I've already bought a couple thousand and depending on how this runs, will be adding more. I've bought a few of your "finds" in the past. Most have short term bumps, but then drop off, however, as you pointed out, anytime a company has an abundance of cash on hand, it tends to be a solid company.
Not to mention, this stock earned .15 in 2012, but looking for .39 next year?
Seems too cheap to me. Keep this up and you'll get added to my Christmas list.
A 10% special dividend is enough to jump in for most,cash rich company`s will always be the best keepers.
The special dividends should pick up in numbers as we get near the end of the year (IMO)
What a great looking stock.
BSET
BASSETT, Va. (AP) - Bassett Furniture Industries Inc. on Wednesday declared a special dividend of $1.25, its second special dividend this year.
Following the announcement, the furniture maker's stock jumped 80 cents, or 7.4 percent, to $11.47 in morning trading.
Bassett said the dividend will be paid on Oct. 26 to shareholders of record on Oct. 12.
Web service company AOL Inc. (AOL:Quote) said Monday it has entered into a $600 million fixed-dollar collared accelerated stock repurchase agreement with Barclays Bank plc (BCS:Quote, BARC.L) and authorized a $5.15 per share special cash dividend.
The moves are part of the company's final steps in returning about $1.1 billion to its shareholders in 2012. After the sale in April of its more than 800 patents to Microsoft Corp. (MSFT) in a $1.056 billion cash deal, AOL is in the process of returning 100 percent of the cash to shareholders.
Further, AOL said it has entered into a tax asset protection plan to protect its valuable tax assets.
Artie Minson, AOL Chief Operating Officer and Acting Chief Financial Officer, said, "Since becoming a public company in December 2009, we have demonstrated an ability to both unlock and prudently manage our valuable asset portfolio, including our tax assets. Today we have done both again, outlining a clear path to returning $1.1 billion in cash to shareholders, while putting in place a necessary mechanism to ensure the preservation of our valuable tax assets."
Under the ASR deal, AOL will buy back $600 million worth of common stock by utilizing the previously approved share repurchase authorization and an incremental $10 million authorized by the company on August 26.
AOL will pay the $600 million at the beginning of the ASR agreement and expects to receive shares throughout the remainder of the year and a substantial majority of the shares underlying the transaction before year-end. This includes about 4 million shares that Barclays will deliver to AOL on August 30.
The company also authorized a special, one-time, cash dividend of $5.15 per share, payable on December 14, 2012 to shareholders of record at the close of business on December 5, 2012.
AOL noted that the tax asset protection plan will enable it to preserve its large domestic tax attributes that could be significantly impaired in the event a change of control is triggered under Section 382 of the Internal Revenue Code of 1986, as amended.
According to the company, the tax asset protection plan will act as a deterrent to any individual, individual fund or family of funds with common dispositive power acquiring 4.9 percent or more of the company's outstanding shares without the approval of the board of directors.
AOL closed Friday's regular session at $32.92. In Monday's pre-market, the stock is adding $1.58 or 4.80 percent to $32.92.
$10 dividend Fisher Declares Special Dividend, Plans Quarterly Dividend From Q4; Shares Rise
(RTTNews.com) - Integrated media company Fisher Communications Inc. (FSCI) announced Monday that its board has declared a special cash dividend of $10 per share following the sale of Fisher Plaza. The board also approved a dividend policy intending to pay a quarterly cash dividend beginning in the fourth quarter of 2012 as a measure to return value to its shareholders. The shares rose about 7 percent in the morning trade.
The special cash dividend, to shareholders of record on September 28, is payable on October 19. The company expects the initial quarterly dividend rate to be $0.15 per share. Fisher noted that the special dividend totaling about $89 million, will be funded from its existing cash and short- and long-term investments. The company said it expects the special cash dividend to be taxable to shareholders.
Paul Bible, chairman of the board of directors stated, "The special dividend is an opportunity to efficiently return capital to all of our investors following the sale of Fisher Plaza. The quarterly dividend policy reflects our confidence that the successful execution of our strategic plan will continue to generate the strong cash flows that will enable us to invest in the business while returning excess cash to our shareholders."
re, HEES special divvy. nice board btw and thx. already marked it.
At $7 per share, the Dividend represents approximately 39.8% of the Company’s opening stock price on August 20, 2012. Pursuant to the rules of the NASDAQ Stock Market, when a dividend is declared in a per share amount that exceeds 25% of a company’s stock price, the date on which that company’s shares will begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The Company understands from NASDAQ that, because the Dividend is expected to exceed 25% of the Company’s share price, NASDAQ will apply this rule, and the Company expects, in accordance with this rule, that the ex-dividend date as set by NASDAQ will be September 20, 2012, the first business day following the payable date for the Dividend.
POEFF/POE.V..Pan Orient Energy Corp.- $0.75 Per Share Special Distribution Approved
CALGARY, ALBERTA, Aug 21, 2012 (MARKETWIRE via COMTEX) -- Pan Orient Energy
Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE: POE) is pleased to
announce that it received shareholder approval for its previously announced
capital reorganization and that the effective date for the reorganization and
the record and payment dates for the resulting $0.75 per common share special
distribution to shareholders have now been set.
The distribution will be a return of capital as part of a capital
reorganization, and is expected to be generally more tax advantageous to
shareholders than a dividend. Shareholder approval was obtained at a meeting on
August 20, 2012, with over 99.9% of votes cast being in favour of the required
special resolution. Pan Orient's directors resolved at a meeting today to
implement the reorganization effective September 6, 2012 and set the record date
for the resulting $0.75 per common share special distribution to shareholders as
August 30, 2012 and the payment date as September 6, 2012. Pan Orient expects
that its common shares will commence trading "ex-distribution" on August 28,
2012.
The aggregate amount of the distribution will be approximately $42.5 million,
will occur in the course of a reorganization of Pan Orient's business after the
recently completed sale of a portion of its Thailand assets and be funded from
the net proceeds of that sale. The remaining net proceeds, plus ongoing cash
flow from Concession L53 in Thailand, are expected to be sufficient to fund the
needs of Pan Orient's continuing business operations for the remainder of 2012
and through 2013.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production
company with operations currently located onshore Thailand, Indonesia and in
Western Canada.
This press release contains forward-looking information. Forward-looking
information is generally identifiable by the terminology used, such as "plan",
"intend", "expect", "believe", "estimate", "should", "anticipate" and
"potential" or other similar wording. Forward-looking information in this press
release includes, but is not limited to, tax consequences; record, payment and
ex-distribution dates for the special distribution; cash resources; and
anticipated expenditures. By its very nature, the forward-looking information
contained in this press release requires Pan Orient and its management to make
assumptions that may not materialize or that may not be accurate. In addition,
the forward-looking information contained in this press release is subject to
known and unknown risks and uncertainties and other factors, some of which are
beyond the control of Pan Orient, which could cause actual results,
expectations, achievements or performance to differ materially. Although Pan
Orient believes that the expectations reflected in its forward-looking
information are reasonable, it can give no assurances that those expectations
will prove to be correct. Pan Orient undertakes no obligation to update publicly
or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable
securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
Contacts:
Pan Orient Energy Corp.
Jeff Chisholm
President and CEO
(403) 294-1770
Pan Orient Energy Corp.
Bill Ostlund
Vice President Finance and CFO
Warner Chilcott Board Declares Special Dividend
(RTTNews.com) - Warner Chilcott plc (WCRX), a specialty pharmaceutical company, announced it has completed an amendment to its existing senior secured credit facilities, pursuant to which it has incurred an additional $600 million aggregate principal amount of new term loans. As a result of closing the amendment and the related borrowings, Warner Chilcott's board declared a special cash dividend of $4.00 per share.
The new term loan facilities are comprised of a $300 million Term Loan B-4/5 bearing interest at LIBOR plus 3.00% with a five-year maturity, and a $300 million Additional Term Loan B-1 bearing interest at LIBOR plus 3.25% with a LIBOR floor of 1.00% and maturing on March 15, 2018.
The company will use the proceeds from the new term loans and cash on hand to fund the special cash dividend to its shareholders of $4.00 per share, or approximately $1.0 billion in the aggregate, and to pay related fees and expenses.
The special cash dividend will be paid on September 10, 2012 to shareholders of record on August 31
H&E Equipment Services Declares One-time Special Cash Dividend Of $7.00/shr
(RTTNews.com) - H&E Equipment Services Inc. (HEES) announced that its board declared a one-time special cash dividend of $7.00 per share, payable on September 19, 2012 to stockholders of record at the close of business on September 5, 2012. The aggregate amount of the payment to be made in connection with the Dividend will be approximately $246 million.
H&E Equipment said that the Dividend will be funded by the proceeds of the company's offering of $530 million aggregate principal amount of 7% senior notes due 2022, which closed on August 20, 2012.
At $7 per share, the Dividend represents approximately 39.8% of the Company's opening stock price on August 20, 2012.
Changyou.com Announces US$3.8 Special Cash Dividend per American Depositary Share
BEIJING, Aug. 6, 2012 /PRNewswire via COMTEX/ -- Changyou.com Limited ("Changyou" or the "Company") CYOU +15.18% , a leading online game developer and operator in China, today announced that its board of directors declared a special one-time cash dividend of US$1.9 per Class A or Class B ordinary share, or US$3.8 per American Depositary Share ("ADS"). The total amount of the special cash dividend is approximately US$201 million.
Record holders of the Company's Class A and Class B ordinary shares at the close of business U.S. Eastern Time on August 17, 2012 (the "Record Date") will be entitled to receive the special cash dividend. Holders of the Company's ADSs, each representing two Class A ordinary shares, as of the Record Date will be entitled to the special cash dividend. Changyou expects, Bank of New York Mellon, depositary bank for Changyou's ADR program, to pay out dividends to ADS holders on or before September 30, 2012. The actual distribution date may change. The Company will issue another press release in the event that there is any significant change in the scheduled distribution date.
Mr. Tao Wang, chief executive officer of Changyou commented, "Our business is growing as our online games continue its popularity in China and we continue to generate strong free cash flows from operations each quarter. As we have accumulated a sizable cash reserve since our initial public offering, we are happy to announce this special cash dividend in an effort to return value to shareholders. Our strong balance sheet and robust free cash flows will allow us to keep investing in our businesses to strengthen our position as a leading game developer and operator in China and capture arising opportunities in the global online games market. We are confident in our long-term growth potential and ongoing ability to further increase shareholder value."
Genpact Reports Results for the Second Quarter of 2012; Announces Special Dividend of $2.24 Per Share
--Second Quarter Revenues of $467.6 Million, Up 18% --Adjusted Income from Operations of $77.8 Million, Up 19% --Net Income of $61.1 Million, Up 57%
NEW YORK, Aug. 1, 2012 /PRNewswire via COMTEX/ -- Genpact Limited G -1.55% , a global leader in business process management and technology services, today announced financial results for the second quarter ended June 30, 2012. Genpact also announced that it expects to pay a special cash dividend to all shareholders of $2.24 per common share, or approximately $500 million in total.
Key Financial Results - Second Quarter 2012
Revenues were $467.6 million, up 17.6% from $397.6 million in the second quarter of 2011, primarily driven by growth in revenues from Global Clients. Business process management and technology services revenues from Global Clients were up 19.8% and 38.4% respectively.
Net income attributable to Genpact Limited shareholders was $61.1 million, up 56.6% from $39.0 million in the second quarter of 2011; net income margin for the second quarter of 2012 was 13.1%, up from 9.8% in the second quarter of 2011.
Diluted earnings per common share were $0.27, up 55.4% from $0.17 in the second quarter of 2011.
Adjusted income from operations was $77.8 million, up 19.2% from $65.3 million in the second quarter of 2011.
Adjusted income from operations margin was 16.6%, up from 16.4% in the second quarter of 2011.
Adjusted diluted earnings per share were $0.32, up 46.0% from $0.22 in the second quarter of 2011.
N.V. "Tiger" Tyagarajan, Genpact's president and CEO said,
"Genpact had another great quarter, with strong growth in revenues, adjusted operating income, net income and EPS. In addition to the 17.6% year-over-year revenue growth, our revenues grew 7.4% sequentially. Revenue growth was broad based across all our geographies, including Europe, and all major service lines including finance and accounting. We established 35 new client relationships this quarter across all major industry groups, up from 26 in the second quarter of 2011. Our results continue the momentum we have had since the beginning of 2011."
Revenues from Global Clients grew 24.0% over the second quarter of 2011. Revenues from Global Clients now represent approximately 73.0% of Genpact's total revenues, with the remaining 27.0% of revenues, or $126.2 million, coming from GE. GE revenues increased 3.2% from the second quarter of 2011, adjusted for dispositions by GE.
As of June 30, 2012, 62 client relationships each contributed revenues of $5 million or more in the preceding twelve months, up from 56 such relationships as of June 30, 2011. As of June 30, 2012, ten client relationships each contributed revenues of $25 million or more in the preceding twelve months, up from eight such client relationships as of June 30, 2011.
Approximately 76.0% of Genpact's revenues for the quarter came from business process management services, compared to 78.1% for the second quarter of 2011. Revenues from IT services were approximately 24.0% of total revenues for the second quarter of 2012, up from 21.9% for the second quarter of 2011.
Genpact generated $127.2 million of cash from operations in the second quarter of 2012, up from $60.9 million in the second quarter of 2011. Genpact had approximately $441.6 million in cash and cash equivalents and short term deposits as of June 30, 2012.
Year-to-Date Results
Revenues were $903.1 million, up 24.0% from $728.2 million for the six months ended June 30, 2011.
Net income attributable to Genpact Limited shareholders was $99.6 million, up 32.6% from $75.1 million for the six months ended June 30, 2011; net income margin was 11.0%, up from 10.3% for the six months ended June 30, 2011.
Diluted earnings per common share were $0.44, up 31.6% from $0.33 for the six months ended June 30, 2011.
Adjusted income from operations was $149.4 million, up 28.2% from $116.5 million for the six months ended June 30, 2011.
Adjusted income from operations margin was 16.5%, up from 16.0% for the six months ended June 30, 2011.
Adjusted diluted earnings per share were $0.53, up 32.1% from $0.40 for the six months ended June 30, 2011.
Genpact's employee attrition rate for the six months ended June 30, 2012 was 24%, measured from day one of employment, down from 29% for the same period in 2011. Annualized revenue per employee for the six months ended June 30, 2012, was $33,400, compared to $34,500 for the six months ended June 30, 2011.
Special Dividend Announced
Genpact expects to pay a special cash dividend to all shareholders of $2.24 per common share, or approximately $500 million in the aggregate. The dividend will be funded through a combination of balance sheet cash and incremental debt expected to be raised from institutional lenders. Genpact expects to establish and announce the record date, ex-dividend date and payment date for the special dividend during August and to pay the dividend by the end of the third quarter. Declaration and payment of the dividend is subject to the receipt of financing by Genpact on satisfactory terms.
Frisch's Restaurants, Inc. Declares Special Dividend of $9.50 per share
By Frisch's Restaurants, Inc.
Published: Monday, Jul. 30, 2012 - 6:12 am
CINCINNATI, July 30, 2012 -- /PRNewswire/ -- Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that the Board of Directors declared a special one-time dividend of $9.50 per share payable on September 14, 2012, to shareholders of record at the close of business on August 31, 2012. The total amount of the special dividend payment will be approximately $46.9 million based on the present number of shares outstanding and is expected to be funded from the Company's excess cash on hand. After payment of the special dividend, the Company expects to have sufficient cash and borrowing capacity to execute its strategy of growing its Big Boy concept including new stores, existing store renovations, ongoing investments in the productivity of its food production facilities and its recently announced share repurchase program.
Read more here: http://www.sacbee.com/2012/07/30/4673932/frischs-restaurants-inc-declares.html#storylink=cpy
Choice Hotels Announces Special Cash Dividend
SILVER SPRING, Md., July 26, 2012 /PRNewswire via COMTEX/ -- Choice Hotels International, Inc. CHH +0.93% (the "Company") announced today that the Company's Board of Directors has declared a special cash dividend in the amount of $10.41 per share, resulting in an aggregate payment amount of approximately $600 million. The record date for the special cash dividend is August 20, 2012 and the special cash dividend will be paid on August 23, 2012. The Company has been informed by the New York Stock Exchange that, in accordance with its rules, the ex-dividend date is expected to be August 24, 2012. Accordingly, stockholders who sell their shares on or before the payment date will not be entitled to receive the special cash dividend. The special cash dividend is being paid with the proceeds from the Company's recent offering of 5.750% senior notes and from its new senior secured credit facility.
Record date is today isnt it!?. Trading at $1.50 paying $3.15 is a no brainer for this special divy
MMT/MAUXF...
Mart Announces $0.10 Per Common Share Dividend
Press Release: Mart Resources, Inc.
CALGARY, ALBERTA--(Marketwire -06/28/12)- Mart Resources, Inc. (MMT.V) ("Mart" or the "Company") is pleased to announce the declaration of a dividend of $0.10 per common share payable on August 8, 2012 to shareholders of record at the close of business on July 23, 2012.
Mart's Board of Directors has also adopted a dividend policy reflecting its intention to pay quarterly dividends of $0.05 per common share commencing in September 2012. The payments of dividends in the future are dependent on Mart's cash flows, capital expenditure budgets, earnings, financial condition and other factors as the Board of Directors may consider appropriate from time to time.
Himax Technologies, Inc. ("Himax" or "Company") (HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today declared a cash dividend of 6.30 cents per ADS, or 3.15 cents per ordinary share, for the year of 2011.
It`s your call ,sell or hold.Most stocks recover in price after payout.
Maybe some other board members can add to my statement.(got to run now)get stuff done.
Booz Allen Hamilton (BAH: 17.04, +2.16, +14.52%) beat the Street on Wednesday by revealing surging fiscal fourth-quarter earnings, prompting the consulting company to unveil a special cash dividend.
Shares of the McLean, Va.-based company soared about 13% on the bullish report as well as an upbeat outlook and the dividend plans.
Booz Allen said it earned $50.6 million, or 36 cents a share, last quarter, compared with a profit of $18.1 million, or 13 cents a share, a year earlier. Excluding one-time items, it earned 44 cents a share, topping estimates for 41 cents.
The company, which relies on government consulting work for much of its business, said revenue grew by 3.2% to $1.54 billion. Analysts had been calling for revenue of $1.55 billion.
Booz Allen said its operating margin expanded to 6.3% from 5.6%. Its total backlog at the end of the fiscal year stood at $10.8 billion, compared with $10.92 billion the year earlier.
“We continued to grow revenue organically in all of our major government markets -- defense, intelligence, and civil -- and we expanded our commercial and international business this year,” CEO Ralph Shrader said in a statement.
Inspired by the results, Booz Allen announced plans to pay a special cash dividend of $1.50 a share. This dividend is payable on June 29 to shareholders of record as of June 11.
Read more: http://www.foxbusiness.com/industries/2012/05/30/booz-allen-top-views-in-q4-reveals-special-dividend/#ixzz1wMgGOLDf
the ex day was today the 29th. I bought the shares last thursday and got my dividend money today.
It drops the dividend amount on exdividend day,without looking at this pick I can say if you like the company keep it .When is ex day for the dividend?
quick question MR_VC I have share of and it fell 30%... the amount of the dividend. How do you play these?
MAYWOOD, NJ, May 29, 2012 (MARKETWIRE via COMTEX) -- Jaclyn, Inc. (otcqx:JCLY) (pinksheets:JCLY) today reported financial results for the fiscal year ending February 29, 2012.
Net sales for the fiscal year ended February 29, 2012 were $195,927,000 compared to $196,020,000 in the prior fiscal year. The Company had net earnings of $2,954,000 or $1.21 per diluted share, which includes an after-tax gain on the sale of the Company's former headquarters and warehouse facility and one of two remaining lots in West New York, New Jersey, totaling $2,208,000, or $.90 per diluted share. This compares to $1,940,000, or $.80 per diluted share, in the prior fiscal year ended February 28, 2011.
In addition, the Company announced today that its Board of Directors declared a one-time, special cash dividend of $1.25 per share, payable on June 22, 2012 to holders of record of the Company's common stock, $1.00 par value per share, at the close of business on June 11, 2012.
for example on MR_VC.... ex date is the 29th. So if you bought the stock on Friday....by when can you sell and still receive the dividend? Their dumb advice made me lose out on IS_SM as well.
"plain english" is the one thing in short supply (LOL) The good thing that special dividends are taxed at the same rate.With tax cuts expiring at the end of the year the low dividend rate will go up and I expect a lot of special dividend payouts before the end of the year.They could be big money (IMO)
I have no best sight to link to for plain english dividend rules.
I recommend checking the top sticky post link daily for the best chance for dividend news.
wzebra I had so many problems with tda explaining a special dividend is there any place you can recommend to read the rules in plain english.
Evolving Systems Declares Special Dividend of $1.70 per Share
ENGLEWOOD, CO, May 08, 2012 (MARKETWIRE via COMTEX) -- Evolving Systems, Inc. EVOL , a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it will distribute approximately $19.3 million in cash to stockholders in the form of a $1.70 per share, one-time special dividend. The special dividend will be payable on May 29, 2012. If a stockholder sells their shares before May 30, 2012, the stockholder will have to relinquish the dividend to the buyer.
"This will be our second special dividend paid in 2012, underscoring the Board of Directors' commitment to return value to stockholders," said Thad Dupper, Chairman and CEO. "Our two special dividends, combined with regular quarterly dividends we began paying in 2010, bring the total cash returned to stockholders to $4.05 per share, or over $45.0 million. At the same time we continue to invest in product development and other growth initiatives and maintain a strong, debt-free balance sheet."
As of the first quarter ended March 31, 2012, Evolving Systems had cash and cash equivalents combined with long-term investments in marketable debt securities that totaled $31.0 million.
Evolving Systems encourages stockholders to contact their brokers in order to understand the Nasdaq rules and regulations regarding the effect of selling shares of Evolving Systems common stock on their eligibility to receive the dividend.
28% special dividend,stock trades at $1.08
MRV Communications to Issue Second Special Dividend
CHATSWORTH, Calif., May 02, 2012 (BUSINESS WIRE) -- MRV Communications, Inc. (otcqb:MRVC) ("MRV" or the "Company") announced today that its Board of Directors has declared a special dividend of $0.30 per share payable on May 25, 2012 to stockholders of record as of May 16, 2012.
This dividend is part of the Company's ongoing effort to maximize the return to our stockholders. In addition to closing the sale of CES Creative Electronics Systems SA on March 29, 2012, the Company entered into an insurance policy on April 26, 2012 which insures the risk associated with the Company's indemnification obligations on certain sale transactions into which the Company had previously entered. By insuring these contingent liabilities, the Company has freed up additional capital for this distribution. The aggregate cash distribution to stockholders and option holders is expected to be approximately $48.6 million. The Company had total cash and cash equivalents of $96.3 million as of March 31, 2012, and will continue to have sufficient capital to continue to invest in and support its businesses.
Additionally, to ensure MRV option and restricted stock 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 and approved a full dividend payment to restricted stockholders along with other stockholders. The first installment of the cash payment to option holders will be paid out promptly following the payment of the special dividend with a final installment (contingent upon continuous service to MRV) to be paid out twelve months later.
Aware, Inc. Declares Special Cash Dividend of $1.15 Per Share, or Approximately $24 Million in Total
BEDFORD, Mass., April 27, 2012 /PRNewswire via COMTEX/ -- Aware, Inc. AWRE +57.75% , a leading supplier of biometrics software and DSL service assurance products, today announced that its Board of Directors has declared a special cash dividend of $1.15 per share, or approximately $24 million in total. The special dividend will be paid on May 25, 2012 to shareholders of record as of May 11, 2012.
The Board of Directors has determined that the company's current cash balances exceed our capital requirements and has decided to return cash to shareholders.
The tax treatment of the special cash dividend will depend on the amount of the company's current and accumulated earnings and profits as of December 31, 2012, as determined by the Internal Revenue Code. Therefore, the company is unable to determine how the special cash dividend will be treated under U.S. tax law at this time.
We encourage shareholders to contact their brokers in order to understand the Nasdaq Rules and Regulations regarding the effect of selling shares of our common stock following the record date on their eligibility to receive the dividend.
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I have done extensive research on numerous companies that pay dividends, but i know if everyone here at IHUB posts stocks or mutual funds that pays outrageous dividends, then we can all save tons of time and energy doing it ourselves.
I will post links to all that are worthy here in the IBOX.
thank you in advance to all that participate.
please post the highest % yielding dividend stocks that you can find.
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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Summary / Websight
http://finance.yahoo.com/q?s=fro http://www.frontline.bm/
http://finance.yahoo.com/q?s=nat http://www.nat.bm/
http://finance.yahoo.com/q/pr?s=DOM http://www.dom-dominionblackwarriortrust.com/
http://finance.yahoo.com/q?s=dsx http://www.dianashippinginc.com/web/default.fds
http://finance.yahoo.com/q?s=fgp http://www.ferrellgas.com/
http://finance.yahoo.com/q?s=grt http://www.glimcher.com/
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