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Atrion Corporation ATRI declared a special cash dividend of $3.00 per share on its outstanding shares of Common Stock. This dividend will be payable on December 23, 2010 to stockholders of record at the close of business on December 13, 2010.
Movie theater operator Regal Entertainment Group said Wednesday that it will issue a special cash dividend of $1.40 per share, to be paid on Dec. 30 to shareholders of record on Dec. 20. The company also said it intends to raise its quarterly dividend 17 percent to 21 cents per share.
Sycamore Q1 loss misses views, plans special dividend
By Matt Jarzemsky, Dow Jones Newswires
Wednesday 01 December 2010
Software compant to pay out $185 million in one-off dividend.
Sycamore Networks Inc.'s fiscal first-quarter loss narrowed on fewer charges than a year earlier, but core results fell more than expected.
The provider of bandwidth management software and networking products also said it will pay a one-time dividend of $6.50 a share later this month, joining a fast-increasing slate of corporations taking the same step ahead of a potential increase of federal income taxes on dividends. The payout would cost Sycamore about $185 million. It doesn't issue quarterly dividends.
The company had benefited from cost-cutting and wider margins of late, and its prior quarter resulted in the first profit in two and a half years. Recent interest has centered on Sycamore's IQStream product line, which helps mobile data carriers reduce congestion.
Click here to find out more!But the latest results "reflect the fluctuations associated with the project-oriented nature of our bandwidth management business," said President and Chief Executive Daniel E. Smith.
For the quarter ended Oct. 30, Sycamore reported a loss of $6.5 million, or 23 cents a share, compared with a year-earlier loss of $10.4 million, or 37 cents a share. Excluding prior-year write-downs and restructuring charges as well as stock-based compensation, the loss widened to 20 cents from 11 cents a share as revenue dropped 25% to $11.7 million.
RLI Corp. Board of Directors has declared an extraordinary cash dividend of $7.00 per share. The dividend is payable on December 29, 2010 to shareholders of record as of December 16, 2010 and is expected to total approximately $147 million.
Brown-Forman Corporation BF announced today that its Board of Directors declared a special cash dividend of $1.00 per share on its Class A and Class B Common Stock that will be paid on December 28, 2010 to stockholders of record on December 10, 2010. This special cash dividend follows the 6.7% increase in its regular cash dividend announced by the company on November 18, 2010.
GAMCO Investors, Inc. /quotes/comstock/13*!gbl/quotes/nls/gbl (GBL 43.37, -0.22, -0.51%) announced that the special dividend on its Class A and Class B common stock will be payable December 31, 2010, to stockholders of record on December 15, 2010. As previously disclosed, the special dividend will consist of $0.80 in cash and $3.20 in principal amount of the Company's 0% subordinated debentures due 2015 for each share of common stock (less any applicable withholding tax).
Nov. 30, 2010, 9:05 a.m. EST
White River Capital, Inc. Declares One-Time Special Cash Dividend
RANCHO SANTA FE, Calif., Nov 30, 2010 (BUSINESS WIRE) -- White River Capital, Inc. /quotes/comstock/14*!rvr/quotes/nls/rvr (RVR 21.89, +3.13, +16.68%) ("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 21, 2010 to shareholders of record on December 9, 2010. The aggregate amount of the payment to be made in connection with the special, one-time dividend will be approximately $15 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.
Interactive Brokers Group (IBKR) declared a $1.79 per share cash dividend.
The online broker’s stock was up nearly 4.6% at 10:30 a.m. eastern time, or 80 cents, to $18.36 a share.
IBKR, which made the announcement after markets closed Monday, said the special dividend will be payable on December 23 to shareholders of record as of December 9.
Blue Earth, Inc. (OTC Bulletin Board: BBLU), announced today it will grant a special one-time dividend to its December 31, 2010 shareholders of record. This special dividend will be one A Warrant for every two shares held on December 31, 2010 and is exercisable at $3 per share for a three year term.
Additionally, for those shareholders eligible for A Warrants, for every A Warrant exercised, they will then receive a share of Common Stock and a special B Warrant, which has an exercise price of $6 per share for a new three year term. For every B Warrant exercised, they will receive a share of Common Stock and a C Warrant, with an exercise price of $12 per share for a new three year term.
(Reuters) - Online brokerage optionsXpress Holdings Inc (OXPS.O) said it will return about $259 million to shareholders as special dividend payout in the absence of "value-creating" acquisition opportunities.
The dividend of $4.50 per share will be payable on December 27 to shareholders of record on December13, the company said in a statement.
OptionsXpress, which had stopped its dividend of 8 cents a share in April last year, had hinted at a special one-time payout before the end of the year in its third-quarter post-earnings call.
The Chicago-based brokerage firm will fund the dividend payout with a $120 million term loan and available cash.
As of September 30, the company had cash and investments of about $269 million.
Shares of the company, which have risen about 8 percent since its third-quarter results in late October, were trading up 10 percent at $18.55 before the bell on Nasdaq.
Another interesting link. . . . . . . .
http://www.bullmarket.com/download/2011HighYieldReport.pdf
Uranium One has declared a special dividend of
US$1.06 payable on December 20, 2010, to all shareholders of record
(other than ARMZ) at the close of business on December 10, 2010.
link for details http://stockmarketsreview.com/pressrelease/2010/11/27/uranium-one-completes-initial-closing-of-armz-transaction/
LONG BEACH, Calif., Nov 26, 2010 (BUSINESS WIRE) -- Farmers & Merchants Bank of Long Beach /quotes/comstock/11k!fmbl (FMBL 3,900, +35.00, +0.91%) 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, 2010 to shareholders of record as of December 1, 2010.
It`s on topic so we are interested,keep posting dividends.
Just found an article about S&P safe dividends, and thought I would post it if anyone's interested..
http://community.nasdaq.com/News/2010-11/the-safest-dividend-in-the-sp.aspx?storyid=45752
HIFS, Hingham, Massachusetts announced that its Board of Directors declared its regular quarterly cash dividend of $0.24 per share. The dividend will be paid on January 20, 2011 to stockholders of record as of January 10, 2011.
In addition to the regular quarterly dividend, Hingham's Board of Directors announced that it will pay a special dividend of $0.25 per share, which represents a 4.2% increase over the prior year's special dividend. This special dividend will also be paid on January 20, 2011 to stockholders of record as of January 10, 2011.
. (GES) late Tuesday said its third quarter profit jumped 8% from last year, beating analyst expectations and prompting the company to boost its full-year outlook.
The Los Angeles-based company reported third quarter net income of $69.1 million, or 75 cents per share, compared with $64.1 million, or 69 cents per share, in the year-ago period.
Revenue climbed 17% from last year to $613.9 million.
On average, Wall Street analysts expected a much smaller profit of 59 cents per share, on lower sales of $578 million.
Looking ahead, the company boosted its full-year outlook to a range of $3.02 to $3.06 per share, up from prior guidance of $2.80 to $2.85.
The company also said it would raise its quarterly dividend from 16 cents to 20 cents per share, and announced a special one-time dividend of $2 per share. Both of those dividends will be combined and paid on Dec. 23 to shareholders of record as of Dec. 8.
AboveNet declares special dividend of $5
WHITE PLAINS, N.Y.
A network equipment provider AboveNet Inc. said Tuesday that its board has declared a special one-time cash dividend of $5.
The dividend is payable Dec. 27 to shareholders of record on Dec 6.
(nyse amex:ESP) has declared a special cash dividend of $1.00 per share and a regular quarterly dividend of $0.225 per quarter. The dividends will be payable on December 23, 2010 to all shareholders of record on December 3, 2010.
Nov. 22, 2010 /PRNewswire-FirstCall/ -- Network-1 Security Solutions, Inc. (OTC Bulletin Board: NSSI) announced today that its Board of Directors has declared a special cash dividend of $0.10 per share on each share of Network-1's common stock.
The dividend will be payable on December 20, 2010. Network-1 has set the record date for the dividend as December 13, 2010. The ex-dividend date will be announced as soon as it has been determined by the Financial Industry Regulatory Authority ("FINRA"). If the amount of the dividend is 25% or more than the value of the Company's common stock on the date FINRA makes its determination, the ex-dividend date will be the first business day following the payment date. If the amount of the dividend is less than 25% of the value of the Company's common stock on the date FINRA makes its determination, the ex-dividend date will be the second business day before the record date.
Masimo Board of Directors Declares Special Cash Dividend
Dividend Set at $0.75 Per Share
IRVINE, Calif., Nov. 22, 2010 /PRNewswire-FirstCall/ -- Masimo (Nasdaq: MASI) announced today that its Board of Directors has declared a special $0.75 per share cash dividend, payable on December 21, 2010 to stockholders of record as of the close of business on December 7, 2010. The total dividend payout is expected to be approximately $44.3 million, based on the current shares outstanding and will be the third instance of a special dividend paid by Masimo in the past four years.
China Digital TV Declares Special Cash Dividend to Shareholders
BEIJING, Nov. 22, 2010 -- /PRNewswire-Asia/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of conditional access ("CA") systems to China's expanding digital television market, today declared a special cash dividend of US$2.00 per share on the Company's ordinary shares, par value US$0.0005 per share, to be paid in two installments of US$1.00 each during 2011. Each of the Company's American depositary shares represents one ordinary share.
Shareholders of record as of the close of business on December 23, 2010, U.S. Eastern Standard Time, will be eligible to receive the dividend. The first installment of the dividend is expected to be paid on or around January 13, 2011, and the second installment is expected to be paid in due course after the completion of the ongoing dividend repatriation process by the Company's PRC subsidiaries.
Mr. Jianhua Zhu, China Digital TV's Chairman and Chief Executive Officer commented, "Our Board of Directors believes that a special dividend is an efficient use of cash to maximize shareholder value at this time. Meanwhile, our robust cash reserves and consistent, healthy operating cash flow are sufficient to support our multiple growth objectives."
As of September 30, 2010, China Digital TV had cash and cash equivalents, restricted cash and short-term investments totaling US$252.5 million, or US$4.30 per share on a diluted basis.
Read more: http://www.sunherald.com/2010/11/22/2658297/china-digital-tv-declares-special.html#ixzz161rTCmIH
Special Dividends Like Never Before
http://seekingalpha.com/article/237702-special-dividends-like-never-before
Dividend of $15.00 Per Share
11/18/10 -- SEACOR Holdings Inc. (NYSE: CKH) today announced that its Board of Directors declared a Special Dividend of $15.00 per common share. The Special Dividend is payable to shareholders of record on December 14, 2010 and is expected to be paid on December 21, 2010.
Buckle Rises On $2.50 Dividend;
Shares of apparel retailer The Buckle (BKE) are up $2.65, or almost 8%, at $37.83, after the company this morning announced it will pay a $2.50 special cash dividend, payable December 21st to shareholders of record December 3rd.
Limited Brands, the owner of lingerie chain Victoria's Secret and other retailers, says its third-quarter net income rose and the company is raising its full-year earnings forecast.
The specialty retailer said Wednesday that its net income was $61.3 million, or 18 cents per share, for the period that ended Oct. 30. That compares with $14.9 million, or 5 cents per share, a year earlier.
Revenue rose 11 percent to $1.98 billion.
Analysts surveyed by Thomson Reuters, who typically exclude one-time items, on average expected earnings of 17 cents per share on revenue of $1.95 billion.
Limited Brands also raised its full-year earnings forecast to a range of $1.82 to $1.97 per share, from $1.68 to $1.83. And it declared a $3 dividend and announced a $200 million stock buyback plan.
Blyth, Inc. (NYSE:BTH) recently announced it will be declaring a special cash dividend of $1.00 per common stock share for a total dividend payment of approximately $8.3 million.
The special dividend is an addition to the regular dividends that are declared semi-annually and which are paid during the fiscal year ending January 31, 2011. It will total $.0.20 per share of the company’s common stock. The company also announced that the dividends to be declared for fiscal year ending January 31, 2011 will total $2.20 per share or an estimate of $18.8 million.
In January of this year, the company already a special dividend amounting to $1.00 per share which it paid in February.
Blyth, Inc. is a Home Expressions company that is responsible for marketing a wide array of home fragrance products, seasonal decorations, decorative accessories, and household convenience items. Its products are directly sold under the brands PartyLite®, Two Sisters Gourmet® by PartyLite and ViSalus Sciences®, Colonial Candle®, CBK® and Seasons of Cannon Falls®, As We Change®, Miles Kimball®, Exposures®, Walter Drake®, The Home Marketplace®, Easy Comforts® and Boca Java®, Sterno®, Ambria® and HandyFuel®.
According to Robert B. Goergen, Blyth’s Chairman of the Board and Chief Executive Officer, “We take a conservative approach to our regular dividend payments given the seasonal nature of our business in spite of our strong cash position and balance sheet. We have now examined our dividend payment based on Blyth’s cash flow 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.”
The special dividend will be payable to shareholders of record as of December 1, 2010 and will be paid on December 15, 2010
ERSO.pk, a distributor of value added, semi-finished metal products, today announced net income for the three and nine months ended September 30, 2010 of $2,957,000 and $7,893,000 as compared to $(1,511,000) and $(1,084,000) for the same periods in 2009. Net income for the three and nine months ended September 30, 2010 was $0.31 and $0.84 per share on a fully diluted basis as compared to $(0.16) and $(0.11) on a fully diluted basis for the same periods in 2009.
"I am pleased to report that our company experienced greatly improved performance for the nine month period of 2010, both in terms of sales and earnings. These results were achieved despite a continued challenging economic environment," said Nathan Kahn, Chief Executive Officer.
The Company also announced that its Board of Directors has declared a regular cash dividend of $0.025 per share and a special dividend of $0.10 per share. The regular and special dividends are payable on December 14, 2010 to stockholders of record at the close of business on November 29, 2010.
Hey zebra, thanks for responding. Did you get a chance to look at any of them? I got burned a few years in the REITS that were paying "insane dividends" The PPS dropped so freakin' fast, and never recovered. Then they quit paying dividends... I'm still holding most of them, and a couple started paying dividends again.
That's when I started looking at the ETF's that pay between 8 - 15% Some of them pay monthly, and it's nice to get a check every month. I like the Helios Funds, DHF, and PHK.
Do you think the Bush tax cuts will be extended so the dividend tax doesn't go up..??
Thanks for the link,anything thats pays out a dividend is what we look for.The special dividends that i have been posting lately should end at the first of the year when dividends are taxed at the same rate as earned income.We are allways looking for the next big dividend payer and thanks for your post.
Newbie here.... Haven't read a lot of posts, but wondered if you guys trade ETF's? Here's a link I use to find good dividends. Once your on, click on "Distribution Rate" I reinvest my quarterly dividends, but take my monthly dividends in cash. I'll never get rich, but it helps pay the electric bill..!
http://www.cefconnect.com/Sorter/FundSorter.aspx
Nov 12, 2010 (BUSINESS WIRE) -- Stein Mart, Inc. /quotes/comstock/15*!smrt/quotes/nls/smrt (SMRT 10.17, +0.28, +2.83%) today announced that its Board of Directors declared a special dividend of $0.50 per common share.
"Over the past two years, we have restored profitability and significantly strengthened our balance sheet and cash position, which totaled $80.5 million at third quarter end," commented David H. Stovall, president and chief executive officer. "Based on our confidence in the business and its ability to generate cash flow to fund store growth and other capital needs, we believe it is appropriate to return cash to our shareholders with this special dividend."
The dividend is payable on December 22, 2010 to shareholders of record on December 8, 2010 and is expected to total approximately $22 million.
Nov 12, 2010 (GlobeNewswire via COMTEX) -- MEDTOX Scientific, Inc. /quotes/comstock/15*!mtox/quotes/nls/mtox (MTOX 12.30, +0.53, +4.46%) today announced that its board of directors approved a special one-time cash dividend of $1.25 per share. The special dividend will be payable on December 1, 2010, to stockholders of record on November 22, 2010.
Knight Transportation, Inc. /quotes/comstock/13*!knx/quotes/nls/knx (KNX 18.30, +0.10, +0.55%) announced today that its Board of Directors has declared the company's quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company's financial performance. The company's dividend is payable to shareholders of record on December 3, 2010 and is expected to be paid on December 23, 2010.
Knight also announced that its Board of Directors declared a special cash dividend of $0.75 per share of common stock. The company's special dividend is also payable to shareholders of record on December 3, 2010 and is expected to be paid on December 23, 2010.
Werner Enterprises, Inc. /quotes/comstock/15*!wern/quotes/nls/wern (WERN 22.01, +0.54, +2.52%) , 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 10, 2011. This dividend will be paid on January 25, 2011.
Werner also announced that its Board of Directors declared a special cash dividend of $1.60 per common share payable to stockholders of record at the close of business on November 22, 2010. This dividend will be paid on December 7, 2010. As a result of the special dividend, a total of approximately $116 million will be paid on Werner's 72.6 million common shares outstanding. Werner also paid special cash dividends of $1.25 per common share in December 2009 and $2.10 per common share in December 2008
“We estimate OptionsXpress has enough cash to fund a $2.50 per share special dividend,”
OptionsXpress Holdings Inc., the online broker with a record amount of cash, is likely to pay a special dividend by year-end as it seeks ways to use its money best in a “depressed” economy, Chief Executive Officer David Fisher said.
“This year would be an opportune time to do a special dividend given the likely higher dividend tax rates,” Fisher, 41, said in an interview at the company’s Chicago headquarters.
http://www.bloomberg.com/news/2010-11-08/optionsxpress-may-pay-special-dividend-amid-record-cash-balance-ceo-says.html
Columbia Sportswear Company Declares Special Cash Dividend of $1.50 Per Share
PORTLAND, Ore., Nov 09, 2010 (BUSINESS WIRE) -- Columbia Sportswear Company /quotes/comstock/15*!colm/quotes/nls/colm (COLM 54.40, +0.74, +1.38%) , a leading innovator in the global outdoor apparel, footwear, accessories and equipment industries, today announced the company's board of directors approved a special cash dividend of $1.50 per share, payable on December 6, 2010 to shareholders of record on November 22, 2010. The aggregate amount of payment to be made in connection with the special cash dividend will be approximately $51 million.
Inc.(OTCBB:OPTI.ob - News) (“The Company”) announced today that its Board of Directors has declared a cash dividend of $0.65 per share on each share of the Company’s common stock.
The dividend will be payable on December 15, 2010. The Company has set the record date for the dividend as November 24, 2010. The ex-dividend date will be announced as soon as it has been determined by the Financial Industry Regulatory Authority (“FINRA”). If the amount of the dividend is 25% or more than the value of the Company’s common stock on the date FINRA makes its determination, the ex-dividend date will be the first business day following the payment date. If the amount of the dividend is less than 25% of the value of the Company’s common stock on the date FINRA makes its determination, the ex-dividend date will be the second business day before the record date.
GAMCO Investors, Inc. (GBL: News ) said its Board of Directors approved a special dividend of $0.80 per share in cash and $3.20 of principal per share in the form of a debenture. The debenture is expected to be a five-year, zero coupon bond. This special dividend will be declared and paid in 2010. Further details will be announced in the future. The Board also declared a quarterly dividend of $0.03 per share to all of its Class A and Class B shareholders, payable on December 28, 2010 to shareholders of record on December 14, 2010.
Telular Corporation Declares Special One-Time Cash Dividend and Regular Quarterly Dividend
CHICAGO, Nov 04, 2010 (BUSINESS WIRE) -- Telular Corporation /quotes/comstock/15*!wrls/quotes/nls/wrls (WRLS 5.82, +1.77, +43.70%) , a global leader in connecting businesses and machines over wireless networks, today announced the declaration of a special one-time cash dividend of $1.00 per share on its common stock, payable November 22, 2010, to shareholders of record at the close of business on November 15, 2010. Additionally, the Company announced the declaration of a regular quarterly dividend of $0.10 per share on its common stock, payable November 22, 2010, to shareholders of record at the close of business on November 15, 2010.
Nov. 5, 2010, 7:00 a.m. EDT
Armstrong World Industries Reports Third Quarter 2010 Results and Announces Proposed Leveraged Recapitalization Including Special Cash Dividend
LANCASTER, Pa., Nov. 5, 2010 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. /quotes/comstock/13*!awi/quotes/nls/awi (AWI 50.49, +4.84, +10.60%) today reported Special Cash Distribution
Armstrong also announced that its Board of Directors had determined to pursue a recapitalization and pay to shareholders a special cash dividend in order to efficiently allocate the Company's capital and return value to Armstrong's shareholders.
The special cash dividend of approximately $13.74 per share to Armstrong's common shareholders, or approximately $800 million in the aggregate, will be funded in part by cash on the Company's balance sheet. To fund the remaining portion of the dividend and refinance the Company's existing $430 million credit agreement, Armstrong would issue $800 million of new debt, market conditions permitting. The Company expects the new debt to be comprised of a combination of a senior secured credit facility and potentially unsecured notes.
The declaration of the special cash dividend is conditioned on the Company's ability to secure the requisite debt financing on satisfactory terms and conditions. The Board of Directors currently expects to declare and pay the special cash dividend before the end of 2010.
OPNET Announces Special Dividend
November Dividend Set at $0.75 Per Share
BETHESDA, Md., Nov 3, 2010 (OPNT 21.50, +1.36, +6.75%) , a leading provider of solutions for IT Service Assurance, today announced that its Board of Directors has approved a one-time special dividend in the amount of $0.75 per share, which will be paid on November 30, 2010 to stockholders of record on November 14, 2010.
Valeant Pharmaceuticals International declares special $1 dividend
By The Associated Press
(AP) - Valeant Pharmaceuticals International Inc. said Thursday its board of directors declared a special dividend of $1 per share.
The dividend is payable Nov. 15 to shareholders of record as of Dec. 22.
The board declared the special dividend in connection with the September consummation of Valeant with Canada's .Biovail Corp. After the payment, the company said it does not expect to pay dividends.
Also, the board approved the establishment of a special dividend reinvestment plan, which will enable eligible shareholders to elect to reinvest the special dividend.
Wynn Resorts WYNN declared a special 8$ cash dividend after the market close . The board of directors approved the dividend to be paid on December 7, 2010 payable to shareholders of record on November 23, 2010.
The stock will trade ex-dividend November 19, 2010.
$1.44 Dividend
On November 1, 2010, Harleysville Group (NASDAQ: HGIC) surprised investors with a $1.44 special dividend, Wunderlich Securities reports. HGIC also reported operating EPS of $0.76 compared to $0.83 a year ago.
“Our estimate was $0.79 and the consensus was $0.78,” Wunderlich Securities writes. “HGIC experienced $3.7 million, or $0.09 per share, in catastrophe losses during 3Q10, which reduced earnings below our expectation.”
Wunderlich Securities said that positive top-line performance and solid book value growth offset the EPS shortfall, adding, “We believe HGIC's ability to successfully manage the company's excess capital and grow the top line profitably supports a premium multiple.”
Wunderlich Securities is raising its price target on HGIC to $40 from $37 to reflect 1.3 times 2011 estimated book value of $31.79.
One-Time Special Dividends: Are They a Bad Sign?
by Hank Coleman
Beware of companies issuing special dividends Many companies in the S&P 500 index are flush with cash as they economy starts to make a comeback and retail customers return to stores. In fact, the S&P 500 companies have over $800 billion in cash and cash equivalents on their books, and the number continues to grow as companies focus on cost-cutting measures, free cash flow, and protecting themselves from more market turmoil. There is so much cash on the balance sheets of companies that many financial analysts think that investors may see a resurgence of special one-time dividends. But, investors should beware of companies issuing these special dividends. While they may sound great in theory, they may not be the greatest thing for investors.
Special Dividends Don’t Offer an Arbitrage Opportunity
It does no good for an investor to chase special or even regular dividends when deciding when to purchase shares of stock. Many investors think they can buy a stock and hold it through the ex-dividend date (the date at which you must be the owner of the stock to qualify for the dividend) and then sell the stock the next day. The problem with this strategy is that the stock price will drop by the dividend amount that next day because the company will have lost value due to the reduction in its cash balance. Thus, what you gain in the dividend payout you lose in the reduction of the company’s stock price. So, for example, a company that trades at $20 per share and issues a one-time special dividend of $2 should be worth a price of $18 on the day after the ex-dividend date.
Special Dividends Are A Sign Of Lack Of Creativity
A special dividend signals to investors that the company cannot think of anything better to do with its available cash. For example, there may be no other profitable opportunities to grow the business, and that is why the cash as been piling up. This is exactly what happened to Microsoft a few years ago when it issued a special one time dividend and investors responded with a negative reaction. It is also similar to what investors are currently seeing in big technology companies like Google today who are slowing down and acquiring less companies because they’ve hit a growth peak.
Taxes On Dividends Are Set To Change
Currently, dividends are taxed at their lowest level in a very long time. Dividend income is only taxed at the 15% rate. But, that benefit is set to expire at the end of 2010 year unless it is extended by Congress, which seems unlikely. Future tax rates on dividend income could be considered ordinary income which means that dividend income could soar as high as almost 40% for the top income earners.
Final Thoughts
While there is room for stock dividends in every investor’s portfolio, you need to be aware of some of the risks. Dividends often show that a company is out of ideas and may represent a poor use of company funds. Also, when considering investing in a company that has announced a special dividend (or any dividend for that matter), remember that there is no “free money” to be had in the investment. The market is too efficient to allow for any kind of arbitrage opportunity. Lastly, the tax consequences can be huge for dividends
Stamps.com Announces Special Dividend of $2.00 per Share
Company Returns Over $250 Million to Shareholders Since 2002
LOS ANGELES, CA, Oct 28, 2010 (MARKETWIRE via COMTEX) -- Stamps.com(R) /quotes/comstock/15*!stmp/quotes/nls/stmp (STMP 16.18, +1.75, +12.13%) today announced that its Board of Directors has declared a one-time special dividend of $2.00 per share to shareholders of record as of the close of business on November 11, 2010, to be paid on December 2, 2010. The Board of Directors approved the special dividend to distribute excess cash from the Company's capital structure, and to allow the Company's shareholders to take advantage of the current low dividend tax rate.
GLENTEL INC. DECLARES EXTRAORDINARY DIVIDEND OF $0.36
BURNABY, BC, Oct. 27 /CNW/ - The Board of Directors of GLENTEL Inc. (TSX: GLN) is pleased to declare a special dividend of $0.36/share, with a record date of November 12, 2010 and a payment date of November 26, 2010.
PASADENA, Calif., Oct 27, 2010 (BUSINESS WIRE) -- PAULA Financial /quotes/comstock/11i!pfco (PFCO 0.54, +0.14, +35.00%) today announced that the Board of Directors has declared a cash dividend in the amount of $0.53 per common share. The distribution will be paid to holders of record as of November 10, 2010 and shall be paid on November 24, 2010.
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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,
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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
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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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