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Loral Declares Dividend of $13.60 per Share
Dividend Payable April 20, 2012 to Shareholders of Record as of April 10, 2012
NEW YORK, NY, Mar 28, 2012 (MARKETWIRE via COMTEX) -- Loral Space & Communications Inc. LORL -0.38% today announced that its Board of Directors has declared a special dividend of $13.60 per share for an aggregate dividend of up to $421 million. The dividend is payable on April 20, 2012 to holders of record of Loral voting and non-voting common stock as of April 10, 2012. As of March 27, 2012, there were outstanding 21,117,311 shares of Loral voting common stock and 9,505,673 shares of Loral non-voting stock.
Loral's declaration of this special dividend is a direct result of Telesat's completion today of a refinancing and recapitalization transaction which resulted in a dividend from Telesat to Loral. As part of the transaction, Telesat entered into a new credit agreement that replaced its existing credit agreement and increased its indebtedness by approximately $490 million. Commenting on Telesat's refinancing, Michael B. Targoff, Chief Executive Officer of Loral, said: "I am particularly gratified that Telesat was able to raise approximately $2.5 billion of bank financing with an average annual interest rate of approximately 4.4%, another testament to the strength of the Telesat business."
In addition, the Board of Directors and shareholders of Telesat approved payments to Telesat's option holders and distributions to Telesat's shareholders of CAD 705 million in the aggregate, of which a total of CAD 420 million will be paid to Loral. The distributions by Telesat to its shareholders were authorized to be paid in two tranches; the first tranche was paid by Telesat on March 28, 2012, the closing date of the transaction, with Loral receiving CAD 375 million, and the second tranche is planned for payment in the third quarter of 2012 with Loral to receive CAD 45 million. The dividend to be paid to Loral's shareholders approximates the full amount of both dividend tranches to be received by Loral from Telesat. Pending receipt of the second tranche from Telesat, Loral will use its available cash balance to fund the difference between the Loral dividend being paid and the proceeds received from Telesat.
Regarding the dividend, Mr. Targoff said: "Our investment in Telesat has provided Loral with handsome book returns and growth since our acquisition. Receipt of this significant dividend from Telesat is a partial realization of this investment, and we are pleased to be able to share that with Loral's shareholders."
About Loral Space & Communications Inc. Loral Space & Communications is a satellite communications company. It is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Loral also owns 64 percent of Telesat Canada, a global operator of telecommunications and direct broadcast satellites used to distribute video entertainment programming, broadband data, and provide access to Internet services and other value-added communications services. For more information, visit Loral's web site at www.loral.com . LORL-F
ALERT ! Armstrong World Industries Declares Special Cash Dividend
LANCASTER, Pa., March 23, 2012 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. AWI +0.11% today announced that its board of directors has declared a special cash dividend of $8.55 per share. The dividend will be paid on April 10, 2012 to shareholders of record as of April 3, 2012. The ex-dividend date will be March 30, 2012. The dividend will be funded in part by surplus cash on the Company's balance sheet, and in part by the additional $250 million of debt that the Company successfully issued in the term loan B market via an expansion of its existing senior credit facility from $1.05 billion to $1.3 billion.
10% special dividend Mar 20, 2012 (GlobeNewswire via COMTEX) -- P.A.M. Transportation Services, Inc. PTSI -2.03% today announced its Board of Directors has approved a special one-time dividend of $1.00 per share. The dividend is payable on April 9, 2012 to stockholders of record at the close of business on March 30, 2012. A total of approximately $8.7 million will be paid on the Company's 8.7 million outstanding shares of common stock as a result of the special dividend.
P.A.M. Transportation Services, Inc. is a leading truckload dry van carrier transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company also provides transportation services in Mexico through its gateways in Laredo and El Paso, Texas under agreements with Mexican carriers.
The PAM Transportation Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5148
March 19, 2012 /PRNewswire via COMTEX/ -- Universal Truckload Services, Inc. UACL +1.60% today announced its Board of Directors has approved a special cash dividend of $1.00 per share. The dividend is payable on April 5, 2012 to stockholders of record at the close of business on March 26, 2012. A total of approximately $15.5 million will be paid on the Company's 15.5 million outstanding shares of common stock as a result of the special dividend.
On WatchSAN FRANCISCO (MarketWatch) — Apple Inc. plans to host a special call with investors early Monday morning to announce a decision about the use of a massive cash hoard that was near $100 billion at the end of last year.
Reuters
Tim Cook, left, with the late Apple CEO and co-founder Steve Jobs at an event on July 16, 2010. Jobs was dismissive of paying a dividend, but Cook says he is “not religious” about the issue. Apple will hold a special call on Monday morning.
In a brief statement issued Sunday, Apple AAPL +2.94% said that Chief Executive Officer Tim Cook and Chief Financial Officer Peter Oppenheimer will host the call, to begin at 9 a.m. Eastern time. The purpose of the call will be “to announce the outcome of the company’s discussions concerning its cash balance,” the statement read.
The company added that it will “not be providing an update on the current quarter nor will any topics be discussed other than cash.”
Among other topics of interest might have been the success of the launch of the new iPad, which hit stores in the U.S. and nine other countries Friday.
Apple’s large cash balance has been a growing topic of interest for investors, with many calling on the company to consider a dividend. The company’s cash, short-term equivalents and long-term investments totaled $97.6 billion at the conclusion of its most recently reported quarter on Dec. 31.
Apple paid a quarterly dividend for an eight-year period that ended in late 1995 — prior to the return of co-founder Steve Jobs, who took back the CEO post at the company nearly until his death late last year from cancer.
Jobs was famously cool to the idea of dividends. At a shareholder meeting in February 2010, Jobs said dividends do not increase the value of the company for shareholders. At the time, the company’s cash balance was around the $40 billion mark. See previous story on Jobs's comments about Apple's cash.
“Which would you rather have us be: a company with our stock price and $40 billion in the bank or a company with our stock price and no cash in the bank?” he asked at the meeting.
Tim Cook, who took over the CEO post shortly before Jobs’s death, has said he is “not religious” one way or another about dividends, and has recently maintained that the company’s board of directors has been studying the topic of its use of cash.
NRGY Div & Yield: 2.82 (17.70%)
is paying 70 cents per quarter
its 15+
for 23 cents a month
So far this year the weather has been wacky and unseasonably warm
Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States. The company owns and operates five natural gas storage facilities comprising Stagecoach, Thomas Corners, Steuben, Seneca Lake, and Tres Palacios; a natural gas liquids business; midstream storage and transportation business; and solution-mining and salt production company. As of October 31, 2011, it served retail customers in 33 states from approximately 338 customer service centers, which have an aggregate of approximately 34.6 million gallons of above-ground propane storage. The company is headquartered in Kansas City, Missouri
if any of what they do can power air conditioners
with summer coming
my bet is this one is going up
http://finance.yahoo.com/q/hp?s=NRGY&a=06&b=31&c=2001&d=02&e=19&f=2012&g=v
Domino's issues special dividend, shares rise
ANN ARBOR, Mich. — Domino's Pizza Inc.'s shares jumped in after-hours trading Friday after it announced that it completed its recapitalization plan and is issuing a $3-per-share special dividend.
Domino's recapitalization plan included the placement of a $1.675 billion securitized debt facility, which replaces an earlier higher-interest debt facility. That lowered its interest payments and gave it a fixed interest rate for the next seven years. It also includes an available revolver, which gives the company more financial flexibility.
The private placement deal includes $1.575 billion of senior fixed notes and $100 million of variable funding senior notes. The company will use the proceeds to repay outstanding notes and accrued interest. The remainder will be used for the dividend.
The special dividend will be paid April 2 to shareholders of record as of March 26.
Domino's also said that it may buy back more of its shares. It has $82.3 million remaining under an existing $200 million repurchase program.
$2.00 dividendPerfect World Announces A $2.00 Per Share Dividend On Record Q4 2011 Earnings
March 16, 2012
For investors in Perfect World (PWRD), its stock performance has been far from anything close to resembling the company's namesake in the past year. At one point, the company's U.S. listed shares had fallen over 60% from valuations at the start of 2011. Much of the poor performance simply mirrored investor fears over Chinese companies after fraud allegations surfaced on a number of names. Panic may have peaked after PWRD shares dropped as much as 30% in a single day after an anonymous blogger in China accused the company and its CEO of fraud prompting a quick formal corporate response. At least in the near term, investors may catch a break after Perfect World announced its fourth quarter 2011 earnings report which not only exceeded Wall Street consensus but also included an announcement of a $2.00 per share special dividend.
KDN reminder; Kaydon Corporation Announces Ex-Dividend date of March 27, 2012 for Special Cash Dividend so you need to buy before that date to get the big special dividend.
http://finance.yahoo.com/news/kaydon-corporation-announces-ex-dividend-000000668.html
11 High-Yield Stocks Going Ex-Dividend In The Coming Week (March 05-11, 2012)
http://seekingalpha.com/article/409831-11-high-yield-stocks-going-ex-dividend-in-the-coming-week-march-05-11-2012?source=yahoo
Note;no exdividend date so far
Sara Lee (NYSE: SLE has received a Private Letter Ruling and is now able to provide additional details about the spin-off of its international Coffee & Tea business.
The spin-off is expected to be completed by the end of June 2012. Post spin-off, the Coffee & Tea business will be domiciled as a new publicly traded company incorporated in the Netherlands.
"We are very pleased to reach this major milestone in our spin-off process and to provide our shareholders with additional news about the domiciling of the Coffee & Tea company and the payment of the $3.00 dividend," said Sara Lee Executive Chairman Jan Bennink. "With over 250 years of history, the Coffee & Tea business has solid market positions and deep roots in many European markets. Domiciling Coffee & Tea in the Netherlands allows management to be close to its key Western European markets and effectively manage its global portfolio."
Additional Spin-Off Details
In order to execute the spin-off and domiciliation, Sara Lee will take the following steps. First, Sara Lee will spin-off all of the shares of its U.S. subsidiary that holds its Coffee & Tea business. Immediately after this spin-off occurs, the U.S. subsidiary will pay a $3.00 special dividend to Sara Lee shareholders. Sara Lee expects that this dividend will be eligible for qualified dividend treatment. Subsequently, a new Dutch company will be established as the parent company for the Coffee & Tea business and its shares will be distributed to Sara Lee shareholders. The U.S. Coffee & Tea company will become a subsidiary of the Dutch public parent and a holding company for the Coffee and Tea operations.
As a consequence of the spin-off and subject to final approval of the spin by the Board, Sara Lee expects to release approximately $700 million of deferred tax liabilities currently on its balance sheet. This reversal is expected to occur in the fiscal quarter of the spin-off.
The Private Letter Ruling confirms that key requirements for tax-free treatment of the spin will be satisfied. Since the IRS does not rule on certain elements of the spin, the company expects to receive an opinion of counsel that those additional elements should be satisfied.
The domiciliation of the Coffee & Tea business in the Netherlands is expected to result in U.S. shareholders incurring U.S. tax on any gain attributable to their Coffee & Tea shares. Sara Lee will provide further guidance to its U.S. shareholders on how this gain is computed closer to the date of the spin-off.
Coffee & Tea Company Intends to Move its Headquarters to Amsterdam
The Coffee & Tea business also intends to move its operating headquarters from Utrecht to Amsterdam in the second half of calendar year 2012. Amsterdam was chosen as the location for the new headquarters in the Netherlands due to its central location and accessibility to an international labor market.
Read more: http://www.benzinga.com/news/12/03/2391708/sara-lee-pending-spin-off-3-00-special-dividend-to-be-paid-immediately-after-the-#ixzz1ny5odAle
Clear Channel Outdoor’s board declared a special dividend of about $6.08 a share on Class A and Class B stock, payable March 15 to stockholders of record as of March 12. The San Antonio-based company CCO +10.51% said the total about to be distributed via the special dividend will amount to nearly $2.17 billion. Payment of the dividend is subject to completion of a private offering of $1.93 billion of 7.625% Series B senior subordinated notes due 2020 and $275 million of 7.625% Series A senior subordinated notes due 2020. Closing is scheduled for March 15, Clear Channel Outdoor said.
Feb 29, 2012 (BUSINESS WIRE) -- Kaydon Corporation (NYSE:KDN) today announced that the New York Stock Exchange has established March 27, 2012, as the ex-dividend date for its $10.50 per common share special dividend recently declared
ANN ARBOR, Mich., Feb 24, 2012 (BUSINESS WIRE) -- Kaydon Corporation KDN +6.76% today announced that, on February 22, 2012, its Board of Directors declared a special cash dividend of $10.50 per share to be paid to shareholders of record as of March 5, 2012 with a payment date of March 26, 2012. The Company will fund the $337 million special dividend through available cash balances and committed bank credit availability.
James O'Leary, Chairman and Chief Executive Officer commented, "In an unprecedented and prolonged period of historically low interest rates, this new capital structure and significant return to our shareholders is both the appropriate corporate finance decision and right strategic action for Kaydon. Our long stated goal is to deliver increasing value to our shareholders in the most efficient and effective way possible. This transaction achieves this in a meaningful way, lowering our overall cost of capital without impairing our ability to grow the Company, both organically and through acquisition.
Feb 13, 2012 (GlobeNewswire via COMTEX) -- Cabot Microelectronics Corporation CCMP +0.41% , the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, today announced that its Board of Directors has declared a special cash dividend of $15 per share, or approximately $345 million in total, payable to shareholders of record on February 23, 2012, that will be paid on March 1, 2012. Approximately half of the special cash dividend, along with related fees, will be funded from the company's available cash balance, and the remainder will be funded from a new five-year secured credit facility, which the company executed today.
Under the terms of the new secured credit facility, the company has arranged a $175 million term loan facility that will be fully drawn to pay the special cash dividend, and a $100 million revolving credit facility, which the company expects to be initially undrawn. The term loan will bear interest at LIBOR plus 150 to 200 basis points and the revolving credit facility provides for a non-use fee of 25 to 35 basis points, both depending upon the company's leverage ratio. The company expects to incur approximately $3 million of financing-related expense through the remainder of its fiscal year 2012, including interest and amortized financing fees.
The company's declaration of the special cash dividend follows the announcement on December 13, 2011 of its new capital management initiative, intended to provide additional value to its stockholders, which includes a leveraged recapitalization with the special cash dividend. At $15 per share, the special cash dividend represents approximately 30 percent of the company's closing stock price today. Pursuant to the rules of the Nasdaq stock market, when a dividend is declared in an amount that exceeds 25 percent of a company's stock price, Nasdaq must determine the date on which that company's shares will begin to trade without the dividend, or ex-dividend. Applying this rule to Cabot Microelectronics' declaration of its special cash dividend, Nasdaq has advised the company that the ex-dividend date has been set as March 2, 2012, which is the first business day following the payable date for the special cash dividend.
Deutsche Boerse Board Proposes To Increase Dividend
(RTTNews.com) - Deutsche Boerse AG (DBOEF.PK) announced that the Executive Board of Deutsche Boerse AG proposes a dividend distribution totalling 3.30 Euro per share.
The company stated that the dividend is composed of two parts - a regular dividend of 2.30 Euro, an increase of 10 percent compared to the previous year, and a special dividend of 1.00 Euro. The distribution proposal is subject to the approval of the Supervisory Board in its next meeting in March 2012 as well as the approval of the shareholders of Deutsche Boerse AG and payable immediately after the shareholder meeting on 16 May 2012.
In addition, the Executive Board plans for share buybacks of up to 200 million Euro in the second half of 2012.
For comments and feedback: contact editorial@rttnews.com
Internet Patents Corporation Announces Ex-Dividend Date of March 12, 2012 for Special Cash Distribution
SACRAMENTO, CA, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Internet Patents Corporation PTNT +2.61% (the "Company"), formerly InsWeb Corporation , today announced that NASDAQ has established the ex-dividend date for the special cash distribution declared by the Board of Directors on January 10, 2012. The distribution of $5.00 per share on the Company's common stock will be paid on March 9, 2012 to all shareholders of record as of February 10, 2012 (the "record date"). As the special cash distribution is expected to exceed 25% of the Company's current stock price, pursuant to the rules of NASDAQ, the ex-dividend date is March 12, 2012, the first business day following the distribution payment date. The special distribution follows the acquisition of substantially all of the assets of InsWeb Corporation relating to its insurance lead generation and marketing business by Bankrate, Inc., via a transaction that closed on December 21, 2011.
In addition, NASDAQ will apply its due bill procedures, pursuant to which trades of the Company's common stock entered into before March 12, 2012 and settled after the record date (the "due bill period") will have a due bill attached for the special cash distribution payable on March 9, 2012. This means that holders who purchase these securities during the due bill period (even if the trades are to be settled after that due bill period) are entitled to receive the special cash distribution, and sellers who sell the securities during the due bill period (even if the trades are to be settled after the due bill period) are not entitled to the special cash distribution. Investors who enter into trades to purchase common stock on or after March 12, 2012 will not be entitled to the special cash distribution payable on March 9, 2012
HCA Holdings Inc., the largest hospital company by revenue, reported fourth-quarter profit surged because of an acquisition and said it will pay a special dividend of $2 a share.
Net income climbed to $1.94 billion, or $4.25 a share, from $283 million, or 65 cents, a year earlier, the Nashville, Tennessee-based company said in a statement. The quarter was boosted by gains from the purchase of the part of HealthONE it didn’t already own and from asset sales. HCA said 2012 earnings may be $3.35 to $3.55 a share, compared with the $3.49 average estimate of 22 analysts compiled by Bloomberg.
HCA may benefit as Americans who avoided spending on elective procedures return to the doctor in a recovering economy. The U.S. jobless rate fell in January to 8.3 percent, the lowest in three years, as payrolls climbed. Insurance companies including UnitedHealth Group Inc. and WellPoint Inc. predicted more use of health-care services when determining their earnings forecasts for 2012.
Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.03 per share will be paid on March 1, 2012 to shareholders of record on the close of business on February 8, 2012. Additionally, the Board of Directors has approved the payment of a special dividend to shareholders. The special dividend of $5.00 per share will be paid on March 1, 2012 to shareholders of record on the close of business on February 8, 2012. The total amount of the special dividend payment will be approximately $25.0 million based on the current number of shares outstanding. Future dividends will be subject to Board approval.
PTNT ?
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.
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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
DIVIDEND RANK:
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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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