Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
GKSR wzebra33: I need to read this board more regularly.
GKSR closed at $33.25 (rounding the cents. It paid a special dividend recently of $6 a share, and increased the quarterly dividend to 19.5 cents a share. Annualized, the regular dividend will be 78 cents. If they pay another $6 special dividend next year, the annualized yield if the shares were purchased today at the closing price works out tp 20.5 percent!
Thank you for pointing out this stock/company.
Ridley Inc. Reports Financial Results for Fiscal 2012 Third Quarter
MANKATO, MINNESOTA AND WINNIPEG, MANITOBA, Apr 25, 2012 (MARKETWIRE via COMTEX) -- Ridley Inc. CA:RCL +1.88% today reported its financial results for the three and nine months ended March 31, 2012. All currency amounts are stated in U.S. dollars unless otherwise noted.
For the three months ended March 31, 2012, Ridley's earnings before interest, taxes, depreciation, amortization, and exceptions (EBITDA (i)) were $10.2 million compared to $7.4 million last year. Net profit after income taxes (NPAT) was $4.0 million (30 cents per share) compared to $3.4 million (27 cents per share) last year.
Ridley also reported today that it has declared a special cash dividend on its common stock of CAD $2.00 per share payable on May 18, 2012 to shareholders of record on May 7, 2012. The special dividend of approximately CAD $25.6 million is not indicative of any intention at the present time to initiate a regular dividend payment to shareholders.
Ridley's tonnage volumes in the third quarter of fiscal 2012 were even with the same period last year reflecting a continuation of generally favourable economic conditions for livestock and poultry producers despite unseasonably mild weather this year. The Company continues to grow in volumes of higher value-added feed supplements and premixes while volumes of complete feeds have decreased. Because of rising feed ingredient prices, sales revenues increased in the third quarter over last year by $13.1 million to $167.3 million. Gross profits increased by 12.5% in the quarter to $22.2 million on increased volumes and higher unit margins from an improved product mix and rising commodity markets. However, feed ingredient prices remain volatile and there is no certainty that the improvement in unit margins attributable to market trends in the third quarter will extend to future periods.
In the third quarter of fiscal 2012, Ridley discontinued operations at its feed manufacturing facilities in Bushnell, Illinois and Castleton, Indiana. The decision to close these facilities was made after a determination that their feed products could be manufactured more efficiently at Ridley's other facilities in the Midwest. Ridley recorded $2.0 million in charges in the third quarter for asset impairments, loss on sale of facilities, severance and other restructuring costs related to these closures.
Net earnings before exceptions in the third quarter of fiscal 2012 were $5.3 million compared to $3.4 million in the same period last year. Volume growth and an improved product mix enabled U.S. Feed Operations to report improved operating income before exceptions of $2.4 million in the third quarter. Ridley Block Operations achieved a $1.0 million increase in operating income also on volume growth that more than offset unfavourable weather conditions this winter. Ridley Feed Ingredients' operating income of $1.0 million in the quarter was even with last year. An increase of $0.4 million in operating income from Canadian Feed Operations reflects improvements in unit margins and lower operating expenses in a difficult market environment where complete feed volumes have declined.
(RTTNews) - Anixter International Inc. (AXE: News ) said its net income for the first quarter improved to $55.6 million or $1.62 per share from $40.9 million or $1.13 per share in the prior year.
Net sales for the quarter advanced to $1.52 billion from $1.47 billion in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.42 per share on revenues of $1.53 billion for the quarter. Analysts' estimates typically exclude special items.
Separately, Anixter announced that its Board of Directors declared the payment of a special dividend to shareholders of $4.50 per common share, or a total cash outlay of approximately $150 million. The special dividend is payable on May 31, 2012 to shareholders of record on May 16, 2012.
Anworth Mortgage Asset Corp. announced that its board of directors declared a quarterly common stock dividend of $0.21 per share for the first quarter of 2012. The common stock dividend is payable on April 27, 2012 to common stockholders of record as of the close of business on April 10, 2012.
It`s a system to pay large stockholders (insiders) and pay a small amount in taxes.I was hoping apple would lay a giant golden dividend egg but they think that billions in the bank are better for the company.
The special dividends are to cheat the tax`s owed (IMO)
Crazy money being given away by companies flush with cash! :)
G&K Services Declares Special Cash Dividend of $6.00 Per Share
Announces 50 Percent Increase to Regular Quarterly Cash Dividend
MINNEAPOLIS, Apr 04, 2012 (BUSINESS WIRE) -- --Company Will Pursue Opportunistic Share Repurchases
--Delivers Significant Shareholder Value and Maintains Operating Flexibility
G&K Services, Inc. GKSR +7.29% announced today that its Board of Directors declared a special cash dividend of $6.00 per share, payable on April 27, 2012 to shareholders of record at the close of business on April 13, 2012. The stock will begin to trade ex-dividend on April 11, 2012.
Additionally, G&K’s Board of Directors announced a 50 percent increase in the company’s regular quarterly cash dividend to $0.195 per share. This is G&K’s seventh consecutive year with a dividend increase.
Finally, the company will also opportunistically pursue open market share repurchases as another option to improve shareholder returns. The company has approximately $58 million remaining under its existing share repurchase authorization.
“Our Game Plan is working,” said Douglas A. Milroy, Chief Executive Officer. “Since its introduction in fiscal 2010, we’ve restored organic growth, significantly expanded operating margins, produced strong cash flow, and retired over $100 million in debt. Our improved performance gives us the confidence to increase shareholder returns through today’s actions.”
............WOW!
Neiman Marcus, Inc. (the “Company”), one of the nation’s leading luxury retailers, announced today that its Board of Directors declared a cash dividend of approximately $442.6 million, or $435 per share of its outstanding common stock (the “Dividend”).
The Dividend will be paid on March 30, 2012 to stockholders of record at the close of business on March 28, 2012. The Neiman Marcus Group, Inc. (“NMG”), a wholly-owned subsidiary of the Company, currently intends to use its cash on hand and borrowings on its Asset-Based Revolving Credit Facility to fund a cash dividend of $442.6 million to the Company that will be used to fund the Dividend. NMG initially expects to borrow $150 million, but the amount of outstanding borrowings could fluctuate based on its current and future working capital and other cash requirements.
In connection with the payment of the Dividend by the Company, holders of vested options will receive a cash payment in respect of their vested options based on 50% of the per share amount of the Dividend, which will result in an aggregate payment to such holders of approximately $10.2 million, and there will be an adjustment to the exercise price of outstanding options to reflect the Dividend.
Neiman Marcus, Inc. operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus, Last Call and Bergdorf Goodman stores. The Direct Marketing segment conducts both online and print catalog operations under the Neiman Marcus, Horchow, Last Call and Bergdorf Goodman brand names. Information about the Company can be accessed at www.neimanmarcusgroup.com.
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.
Followers
|
92
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1208
|
Created
|
12/06/06
|
Type
|
Free
|
Moderator stockguru1976 | |||
Assistants wzebra33 |
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.
-----------------------------------------------------------------
(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:
#1
#2
#3
#4
#5
#6
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/
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |