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Bexil Corporation Announces Record and Payment Dates for Special Dividend
NEW YORK, NY--(Marketwire - February 2, 2011) - Bexil Corporation ("Bexil") (PINKSHEETS: BXLC) announced today that the record and payment dates for the special dividend of $.20 per share of common stock will be as follows:
Record Date February 15, 2011
Payment Date February 28, 2011
As announced previously, the Board of Directors of Bexil authorized a special dividend to stockholders contingent upon the closing of the Transaction Agreement with Chartwell Investment Partners, L.P. The closing occurred on February 1, 2011. Upon closing, Bexil Advisers LLC, a wholly owned subsidiary of Bexil, became the investment adviser to Chartwell Dividend and Income Fund, Inc.
About Bexil Corporation
Bexil is a holding company. To learn more about Bexil, including Rule 15c2-11 information, please visit www.bexil.com. Certain affiliates of Bexil are engaged in stock market and gold investing through investment management of equity and gold mutual funds, closed end funds, and proprietary trading.
On watch for dividend news anytime (soon)
http://investorshub.advfn.com/boards/board.aspx?board_id=3291
Sara Lee Corp. said this morning it will divide itself two publicly traded companies. The plan, which has been approved by Sara Lee’s board, divides the company into North American and European divisions.
Sara Lee’s North American retail business, which includes its sausage and cheesecake and its North American foodservice business, will keep the Sara Lee name, and have an estimated $4.1 billion in annual revenue.
The second company, yet to be named, will consist of its international beverage business, which makes Senseo and Douwe Egberts coffees, and its international bakery business, which makes bread. The company will have an estimated $4.6 billion in annual revenue.
Sara Lee will also issue a $3 special dividend to shareholders.
The separation is expected to be completed by the end of this calendar year or early 2012.
“We have carefully considered various strategic alternatives, including unsolicited indications of interest in the company,” James Crown, Sara Lee’s chairman of the board, said in a statement. “We believe that the spin-off, plus the one-time special dividend, offers the greatest potential for delivering long-term shareholder value.”
Crown added that the two companies “will have their own distinct growth strategies within their respective core markets that will attract a more focused shareholder base.”
No information was immediately available as to what this means for the company’s 1,000 Chicago-area employees. The company will provide additional information during a Web cast with investors at 9 a.m.
This decision caps off months, and even years, of speculation about the dissolution of Sara Lee, which once sold everything from pantyhose, bug spray, undershirts to purses and bread, in addition to coffee, sausage and cheesecake. In recent months, the company has announced or completed a handful of sales that leaves a company essentially focused on North American packaged meat and European coffee.
Speculation that the company was on the brink of accepting a buyout offer has brought Sara Lee stock to a series of consecutive 52-week highs since December. Reports that the company had turned away suitors began taking a toll on stock Wednesday.
The company also announced a number of executive appointments.
Jan Bennink, 54, will serve as executive chairman, effective immediately. Bennick will be responsible for leading and implementing the spin-off. Crown will stay on as a board member and lead independent director.
Marcel Smits, 49, will serve as chief executive officer. He has been standing in as interim CEO since Brenda Barnes left in May.
Mark Garvey, 46, will serve as the company’s chief financial officer, and CJ Fraleigh, 47, currently CEO, North America, will head the new North American Retail and Foodservice business following the spin-off.
http://chicagobreakingbusiness.com/2011/01/sara-lee-announces-plans-to-split-in-2.html
thanks.. those ex-dates have already all passed fwiw
thanks for the heads up on this one
It`s not to late to get this special dividend and the stock is trading at $4.45
SHENZHEN, China, Jan.18, 2011 /PRNewswire-Asia-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE:NPD - News) ("China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that the Board of Directors has declared a special cash dividend of US$0.30 per American Depositary Share (ADS), which represents a total value to shareholders of approximately US$31 million. The distribution of the special dividend is conditional upon the approval of the relevant PRC government authorities. The special dividend is payable before or around February 28, 2011 to shareholders of record as of the close of business on January 31, 2011.
About China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. (NYSE:NPD - News) is China's largest retail drugstore chain based on the number of directly operated stores. As of September 30, 2010, the Company had 2,577 stores across 74 cities, one headquarter distribution center and 13 regional distribution centers in China. Nepstar uses directly operated stores, centralized procurement and a network of distribution centers to provide its customers with high-quality, professional and convenient pharmacy services and a wide variety of other merchandise, including OTC drugs, nutritional supplements, herbal products, personal care products, family care products, and convenience products including consumables. Nepstar's strategy of centralized procurement, competitive pricing, customer loyalty programs and private label offerings has enabled it to capitalize on the robust economic growth in China and to take advantage of the demographic trend in China to achieve a strong brand and leading market position. For further information, please go to http://www.nepstar.cn
AIG warrant dividend. So this is a question for everyone I recently picked up 50 shares of AVF on january 3rd. I would have got more but my broker never (and still hasn't) gotten back to me on wether or not AVF gets the dividend issued, anyone know if the AIG prefered stock gets the dividend?
anyways if anyone sees any more of these warrant dividends issued please post. Someone (I forget who) posted about BBLU's dividend and I made $500 on the stock bought 1.40 sold 2.00 plus got the warrant dividends. I think these are interesting investments please post if you find them.
TORONTO (Reuters) - Sprott Inc (SII.TO: Quote) shares jumped nearly 8 percent to hit a 2-1/2-year high on Monday after the Canadian hedge fund manager declared a special dividend and said it would likely pay out another in the near future.
Toronto-based Sprott will pay 60 Canadian cents a share to shareholders of record at the close of business on January 19. It said it expects to follow that with a second payment once its annual financial statements have been audited and approved by the board of directors.
Sprott said last week that it generated more than C$193 million in gross performance fees in 2010, and said it planned to pay out a "substantial portion" to shareholders.
Shares of Sprott, which was founded by Bay Street contrarian investor Eric Sprott and taken public in 2008, were up 61 Canadian cents at C$8.59 on the Toronto Stock Exchange, their highest level since July 2008.
(Reporting by Cameron French; editing by Rob Wilson
AGNC is the highest dividend yield that I can find. Considering the norm, this may constitute an insane dividend.
Bexil Corporation Announces Special Dividend
NEW YORK, NY--(Marketwire - January 6, 2011) - Bexil Corporation (PINKSHEETS: BXLC) announced today that the Board of Directors has authorized a special dividend to stockholders of $.20 per share of common stock contingent upon the closing of the Transaction Agreement with Chartwell Investment Partners. Upon closing, Bexil Advisers, a wholly owned subsidiary of Bexil, will become the investment adviser to Chartwell Dividend & Income Fund (the "Fund") (NYSE: CWF).
The Transaction Agreement is expected to close on or about the first business day after receipt of stockholder approvals of a new investment advisory agreement and election of a new slate of directors, and satisfaction of the other conditions of the Transaction Agreement. Special meetings of Fund stockholders to consider the new investment advisory agreement and elect directors are currently scheduled for January 31, 2011, subject to adjournment and postponement.
The record date and payment date for the special dividend will be announced after the closing.
About Bexil Corporation
Bexil is a holding company. To learn more about Bexil Corporation, including Rule 15c2-11 information, please visit www.bexil.com. Approximately 22% of Bexil's shares are owned by Winmill & Co. Incorporated (PINKSHEETS: WNMLA), which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds.
ASRG announced a buyout this week!!! http://finance.yahoo.com/news/American-Surgical-Holdings-pz-2949581334.html?x=0&.v=1
I hope some people here followed my pick as it is up 156% including the dividend with a bit more to come.
American Surgical Holdings Enters Into a Definitive Merger Agreement to be Acquired by Great Point Partners
Date : 12/20/2010 @ 7:18PM
Source : GlobeNewswire Inc.
Stock : American Surgical Holdings, Inc. (ASRG)
Quote : 1.32 0.0 (0.00%) @ 8:00AM
American Surgical Holdings Enters Into a Definitive Merger Agreement to be Acquired by Great Point Partners
American Surgical (OTCBB:ASRG)
Intraday Stock Chart
Today : Tuesday 21 December 2010
American Surgical Holdings, Inc. ("American Surgical" or the "Company") (OTCBB:ASRG) announced today that it has entered into a definitive merger agreement pursuant to which American Surgical will be acquired and taken private by AH Holdings Inc., an affiliate of Great Point Partners, I LP ("GPP"), a Greenwich, CT-based private equity fund.
Under the terms of the definitive merger agreement, at the closing of the transaction American Surgical's stockholders will receive $2.87 per share in cash, which represents a 205% premium to the average daily trading price of $0.941 over the 90 days prior to the execution and public announcement of the transaction. The closing price of the Company's common stock on the last trading day prior to the public announcement of the transaction was $1.32. This per share cash consideration is payable by AH Holdings Inc. and subject to increase if less than all of the stock options and warrants to purchase the Company's common stock have been exercised as of the effective time of the merger and/or if some or all of the warrants to purchase the Company's common stock are exercised on a cashless basis. In addition, under the terms of the definitive merger agreement, at the closing of the transaction American Surgical's stockholders will receive (a) additional per share merger consideration consisting of a final cash dividend, if any, payable by the Company and computed in accordance with the definitive merger agreement and (b) an ownership interest in CMC Associates, LLC, a subsidiary of the Company, which will be the beneficial owner of certain pending litigation and litigation rights. The cash consideration payable by AH Holdings Inc. will not be paid on an aggregate of 2,234,707 shares of the Company's common stock owned by certain members of the Company's management team (the "Non-Participating Stockholders"). Instead, these people will receive a 14.9% ownership interest, collectively, in the buyer's parent entity. The proposed transaction is expected to close during the first quarter of 2011.
Zak Elgamal, the Executive Chairman, Chief Executive Officer and President of American Surgical, commented, "Our agreement with GPP provides a compelling all-cash premium to our stockholders. Throughout this process, our Board has been committed to delivering value and liquidity to our stockholders, and we believe this transaction will accomplish both of those objectives. We look forward to working with GPP to complete this transaction as expeditiously as possible."
A Special Committee of American Surgical's independent directors and the American Surgical Board of Directors has unanimously approved the definitive merger agreement and recommended to the American Surgical stockholders that they adopt and approve the definitive merger agreement. The American Surgical Board of Directors, in conjunction with the Special Committee, carefully considered GPP's offer with the counsel of independent legal and financial advisors and, after extensive negotiations, unanimously concluded based on the recommendation of the Special Committee that this transaction is in the best interest of American Surgical's stockholders.
In addition, the Special Committee retained Howard Frazier Baker Elliott, Inc., a Texas-based firm dedicated to providing valuation, financial advisory, and investment banking services to both privately held and publicly traded companies, to render a fairness opinion to the Special Committee and the Board of Directors. Howard Frazier Baker Elliott, Inc. rendered its opinion that the merger consideration to be received by American Surgical's stockholders (other than the Non-Participating Stockholders) under the transaction is fair, from a financial point of view, to such stockholders. The transaction is subject to approval by American Surgical's stockholders, as well as other closing conditions. Stockholders representing over 60% of the issued and outstanding shares of common stock of American Surgical have entered into an agreement to vote in favor of the merger.
Polaris Group served as the financial advisor to the Board of Directors of American Surgical. Broad and Cassel acts as legal counsel to the American Surgical Board of Directors and Thompson & Knight is serving as legal counsel to the Special Committee of the American Surgical Board of Directors. McDermott Will & Emery LLP is serving as legal counsel to GPP.
About American Surgical Holdings, Inc.
American Surgical provides professional surgical assistant services to patients, surgeons and healthcare institutions, through its wholly owned subsidiaries. American Surgical markets its services to hospitals, surgeons and healthcare institutions. American Surgical provides service in Houston, San Antonio and Corpus Christi, Texas; Lawton, Oklahoma; Suffolk, Virginia; Memphis, Tennessee and Augusta, Georgia. For more information, please visit http://www.asainc.us.
About Great Point Partners, I LP
Great Point Partners (www.gppfunds.com) is a Greenwich-based health care focused investment firm that specializes in completing recapitalization transactions with middle-market companies and entrepreneurs.
Forward-Looking Statements
Certain statements in this news release that are not historical fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically are identified by the use of terms such as "will," "may," "should," "might," "believe," "expect," "anticipate," "estimate" and similar words. Forward-looking statements in this release include, but are not limited to, statements regarding anticipated benefits of the proposed merger, expected financial benefits to the Company's stockholders, and anticipated future operating performance and results.
These statements are based on management's current expectations. There are a number of risks and uncertainties that could cause actual results to differ materially from these statements. For example, conditions to the closing of the transaction may not be satisfied, and the merger may involve unexpected costs, liabilities, or delays or the Company's business may suffer as a result of uncertainty surrounding the merger, any of which could cause the transaction to not be consummated. Certain other risks associated with the Company's business are discussed in the reports filed by American Surgical with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2009, filed by American Surgical on March 25, 2010. The information set forth herein should be read in light of such risks. American Surgical cautions security holders not to place undue reliance on the forward-looking statements contained herein. These statements speak only as of the date of this press release and, except as required by applicable law, American Surgical assumes no obligation to update the information contained herein. American Surgical disclaims any intent or obligation to update these forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed merger, American Surgical will file a proxy statement and other relevant documents concerning the proposed transaction with the Securities and Exchange Commission. SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND SUCH OTHER DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Security holders may obtain a free copy of the proxy statement and such other documents (when available) and other documents filed by American Surgical at the Securities and Exchange Commission's web site at http://www.sec.gov and on American Surgical's website at http://www.asainc.us.
American Surgical and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed merger. Information concerning the interests of American Surgical's participants in the solicitation will be set forth in American Surgical's proxy statement relating to the merger when it becomes available.
CONTACT: Polaris Group
For American Surgical:
Marshall Webb
(713) 779-9800
Dec. 18 (Bloomberg) -- Telefonica SA will receive about 90 million euros ($119 million) from Portugal Telecom SGPS SA’s announced special dividend, Expansion reported, without citing anyone.
The Portuguese phone company will pay 1.65 euros per share to its shareholders, of which 1 euro will be paid on Dec. 28 and the remaining 65 euro cents in 2011. Portugal Telecom investors will be able to avoid paying part of an increase in taxes on dividend payments that Portugal will institute Jan. 1, the newspaper said.
1 BILLION DOLLOR DIVIDEND
George Weston Limited Announces $1 Billion Special Dividend
TORONTO, Dec. 15 /PRNewswire-FirstCall/ - George Weston Limited ("Weston") (TSX: WN) announced today that it will pay a special one-time common share dividend of $1 billion, representing $7.74751 per common share, on January 25, 2011 to all common shareholders of record at the close of business on January 18, 2011.
"The Corporation's track record of solid operating performance, combined with significant cash balances and ample liquidity to grow the business, provides the Corporation with the opportunity to reward shareholders with a return in excess of our normal dividend," said W. Galen Weston, Chairman and President of the Corporation.
Mr. Weston added: "Capital markets have come through some very turbulent times and the Corporation took a conservative position holding excess cash. Now with increased stability in the capital markets and our strong balance sheet, the directors felt that a return of capital was appropriate. At the same time, we are preserving sufficient financial flexibility to meet the Corporation's ongoing operational and capital requirements and to pursue growth opportunities."
This dividend is designated as an "eligible" dividend for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
GE is offering Wellstream shareholders 780 pence ($12.33) a share in cash plus a special dividend of six pence a share, up from its previous offer of 750 pence a share. The cash portion of the deal is a 4.4% premium to Wellstream’s closing price Friday.Wellstream said the cash and dividend together represent a 29% premium to its share price in September, before the company said it had received a number of preliminary approaches.
WTI announced that its Board of Directors on December 10, 2010 declared a special cash dividend of $0.66 per share, payable to the holders of the Corporation's common shares. The special dividend will be payable on December 29, 2010 to shareholders of record on December 21, 2010.
Dec. 10, 2010 (GLOBE NEWSWIRE) -- American Community Bancorp, Inc. (OTCBB:ACBP) and German American Bancorp, Inc. (Nasdaq:GABC) today jointly announced additional information for prospective buyers and sellers of common stock of American Community with respect to the $2.00 per share special dividend that has been contingently declared by the Board of Directors of American Community as part of the pending merger of American Community with German American. This dividend, if paid by American Community, will be paid on December 30, 2010 on all shares of American Community that are shown on the records of American Community to be issued and outstanding as of the close of business on December 15, 2010, and to the registered holders of such shares as shown on American Community's stockholder list as of that time on that date.
Due to the contingent nature of the $2.00 per share special dividend, American Community has been advised that no "ex-dividend" date is expected to be established in order to govern the trading in the American Community common stock in the over-the-counter stock market, nor are any "due bills" or similar instruments expected to trade with the American Community common stock. The stock markets normally establish ex-dividend dates for stocks as to which there are unpaid dividend declarations (or, if no ex-dividend date is established, a due-bill procedure) in order to protect buyers who buy shares before a dividend is paid but do not become a holder of record of the purchased shares in time to receive the dividend payment on such shares.
Accordingly, due to this lack of automatic stock market price adjustment, American Community and German American caution prospective buyers and sellers of American Community common stock that, regardless of the price at which shares of American Community common stock may be quoted or may trade in the stock market between now and the possible December 30, 2010, payment date of the contingent special dividend, the $2.00 per share special dividend, if paid, will be paid on December 30, 2010 only to those shareholders who are of record with American Community at the close of business on December 15, 2010 and only with respect to their record shareholdings with American Community as of that time and date. Buyers of American Community shares after December 15, 2010 (or who buy on or before December 15, 2010 but do not for any reason become listed on American Community's stock records as the record holders of such shares as of the close of business on December 15, 2010) will not receive the $2.00 special cash dividend, if paid, and should consider that factor when pricing their bids.
. (GES)
Reporting third quarter results at the end of November 2010, the group raised its quarterly dividend by 25% and threw in an extra $2 which is payable two days before Christmas.
special cash dividend of $80.00 per share
CIBL, Inc. Board Declares Special Cash Dividend of $80 Per Share and Authorizes Stock Buy-Back
RENO, Nev.--(BUSINESS WIRE)--CIBL, Inc. (“the “Company”) announces that the Board of Directors has declared a special cash dividend of $80.00 per share of its common stock. The record date for the dividend is December 14, 2010, and the payable date for the dividend is December 21, 2010.
The Board of Directors has also authorized the Company to buy back up to 500 shares of its common stock. Pursuant to this authorization, the Company intends to make purchases of its stock in the Pink Sheets© market from time to time, as it deems appropriate based on prevailing market conditions, economic and financial considerations and any other factors which the Board of Directors deems relevant.
This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation anticipated financing and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. As a result, there can be no assurance that any possible transactions will be accomplished or be successful or that financial targets will be met, and such information is subject to uncertainties, risks and inaccuracies, which could be material.
CIBL is a holding company with subsidiaries in wireless communications and television broadcasting. CIBL is listed on the Pink Sheets® under the symbol CIBY.PK. CIBL’s telephone number is (775) 664-3700.
Great post,that`s a huge % dividend
BOGEN COMMUNS INTL INC (BOGN)
$ 2.55 +0.40
Bogen Board Declares Cash Dividend
8:41p ET December 9, 2010 (Business Wire)
Today, the Bogen Communications International, Inc. (Pink Sheets: BOGN) ("Bogen"), Board of Directors declared a special cash dividend of $1.00 per common share, payable on December 30th, 2010, to shareholders of record on December 23rd, 2010, subject to completion of bank financing. If bank financing is not completed, some or all of the dividend may not be paid. If paid, it is anticipated that approximately $0.65 to $0.70 of the dividend will qualify as an ordinary dividend and the remainder as return of capital or capital gain depending on shareholder basis. The allocation noted above is subject to change upon completion of the financial statements of the Company. Each shareholder is advised to consult with their tax advisor regarding the tax treatment of this dividend.
Please visit Bogen's website at www.bogen.com for the complete Consolidated Financial Statements as well as additional information about the Company and its products and services.
About Bogen
Bogen Communications International, Inc., based in Ramsey, New Jersey, and Germering, Germany, develops, manufactures, and markets telecommunications peripherals, sound processing equipment, and Unified Messaging products and services. Bogen's products are sold to commercial, industrial, professional, and institutional customers worldwide.
SOURCE: Bogen Communications International, Inc.
Bogen Communications International, Inc.
Maureen A. Flotard, 201-934-8500
CFO and VP-Finance
50 Spring Street, Ramsey, NJ 07446
VeriSign Inc. said Friday that its board has declared a special dividend of $3 a share of its common stock. The Internet infrastructure service provider said the special dividend will be paid Dec. 28 to shareholders of record as of Dec. 20. Contingent interest will also be paid Dec. 28 to holders of convertible debentures at the close of business on Dec. 20. VeriSign expects payments related to the special dividend and the contingent interest to total about $625 million. Shares of VeriSign rose 4% in premarket trade.
Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, will pay a $1-a-share special dividend for a total payout of about $471 million after the price of the industrial metal rose.
The supplemental dividend will be paid on Dec. 30 to shareholders of record as of Dec. 20, the Phoenix-based company said today in a statement. Freeport’s board also approved a two- for-one split of the company’s common stock that will take effect in February.
“Authorization of this supplemental dividend reflects the strong current cash position and significant cash flows being generated by our global operations,” Chief Executive Officer Richard Adkerson said in the statement.
Adkerson has sought to exploit rising copper prices by increasing output at mines that had seen production cuts last year and in 2008 as the global economic slowdown reduced demand. Copper futures closed at a record in New York yesterday on speculation that demand will outpace production as a global recovery sparks construction of new homes and appliances.
The company said in October it would increase its annual dividend to $2 a share from $1.20.
Freeport rose $3.61, or 3.3 percent, to $112.21 at 9:06 a.m. before the start of regular trading on the New York Stock Exchange. The shares rose 35 percent this year through yesterday.
To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net.
Canadian General Investments, Limited Declares a Special Year-End Capital Gains Dividend
Symbols: CGI, CGRIF
TORONTO, CANADA, Dec 8, 2010 (Marketwire via COMTEX) --
Canadian General Investments, Limited (TSX: CGI | PowerRating)(TSX:CGI.PR.B)(TSX:CGI.PR.C)(LSE:CGI) today declared a special cash capital gains dividend
of $0.76 per common share. This dividend is payable on December 24, 2010 to shareholders of record on December 22, 2010.
Including the quarterly income dividends of $0.06 per common share, total cash dividend payments of $1.00 per common share in 2010 represent a yield to investors
of 5.1% based on the December 7, 2010 closing market price of $19.45.
Sempra Energy (NYSE:SRE) maintained its quarterly dividend of 39 cents per share. Ventas (NYSE:VTR) maintained its quarterly dividend of 53.5 cents per share. Harley Davidson (NYSE:HOG) maintained its quarterly dividend of 10 cents per share. And grocery store chain Safeway (NYSE:SWY) maintained its quarterly dividend of 12 cents per share.
All FWIW
KBW, a full-service investment bank that specializes in the financial services sector, today announced that its Board of Directors has declared a special dividend of $1.00 per share of its outstanding common stock, payable on December 27, 2010 to shareholders of record as of the close of business on December 17, 2010. The special dividend, payable in cash, is expected to equal approximately $36 million in the aggregate.
Read more: http://www.sunherald.com/2010/12/07/2695999/kbw-inc-announces-special-cash.html#ixzz17U55AheI
PACCAR Inc’s (Nasdaq:PCAR) Board of Directors today declared an extra cash dividend in the amount of thirty cents ($.30) per share, payable on December 29, 2010 to stockholders of record at the close of business on December 17, 2010. The Board of Directors also declared a quarterly cash dividend in the amount of twelve cents ($.12) per share, payable on March 7, 2011, to stockholders of record at the close of business on February 17, 2011. “This special dividend reflects improving, but still challenging, truck markets in Europe and North America. PACCAR has emerged from the recession in good financial position and is significantly increasing investment in new products and global markets,” said Mark Pigott, chairman and chief executive officer.
Hecla Mining Company (NYSE:HL) today announced its Board of Directors has elected to declare the regular quarterly dividend of $0.875 per share on the outstanding Series B Cumulative Convertible Preferred Stock and the final quarterly dividend of $1.625 per share on the outstanding 6.5% Mandatory Convertible Preferred Stock, which will also automatically convert into shares of common stock on January 1, 2011.
The regular quarterly dividend of $0.875 per share, on a total of 157,816 shares outstanding of the Series B Cumulative Convertible Preferred Stock, represents a total amount to be paid of approximately $138,000. The cash dividend is payable January 1, 2011, to shareholders of record on December 15, 2010.
The Board of Directors also elected to declare the regular and final quarterly dividend on the outstanding 6.5% Mandatory Convertible Preferred Stock in the amount of $1.625 per share, for a total amount of approximately $3.27 million. The cash dividend is payable January 1, 2011, to shareholders of record on December 15, 2010. There are a total of 2,012,500 shares of the 6.5% Mandatory Convertible Preferred Stock outstanding.
Hecla’s 6.5 Mandatory Convertible Preferred Stock automatically converts on January 1, 2011, into between approximately 17.0 million and 20.7 million shares of common stock, or between 8.4502 and 10.3093 shares on a per share basis. The conversion rate depends on the average closing market price of Hecla's common stock over the 20-trading-day period beginning on December 1, 2010 and ending on December 28, 2010. If the average closing market price of Hecla's common stock is above $11.83, then the conversion ratio will be 8.4502. If the average closing market price of Hecla's common stock is below $9.70, then the conversion ratio will be 10.3093. For average Hecla common stock prices greater than or equal to $9.70 and less than or equal to $11.83 during the 20-trading-day period, the conversion ratio will be equal to $100 divided by Hecla's average closing common stock price during such period.
Houston American Energy Corp (NYSE Amex: HUSA | PowerRating), an independent energy company, declared on Monday a special dividend of USD0.20 per share of the common stock
of the company.
Holders of record as of 17 December 2010 will receive the dividend payment on 28 December 2010.
A special dividend of $6.00 per share
Seaboard Corporation (NYSE Amex: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, today announced that the Board of Directors of the Corporation has declared a dividend of Six Dollars and Seventy-Five Cents ($6.75) per share on the common stock of the Corporation, payable December 31, 2010 to stockholders of record at the close of business on December 20, 2010. The increased amount of the dividend (which has historically been $0.75 per share on a quarterly basis or $3.00 per share on an annual basis) represents payment of the regular fourth quarter dividend of $0.75 per share and a special dividend of $6.00 per share, equaling the anticipated annual 2011 and 2012 dividends ($3.00 per share per year). This increased dividend is being made to ensure that the taxes shareholders will pay based on the receipt of the dividend is taxed at the currently favorable 2010 tax rate on dividends. The Corporation does not intend to declare any further dividends for the years 2011 and 2012.
LZR,Emergent Group Inc. Board Declares One-Time Cash Dividend and Regular Quarterly Dividend Totaling $0.90 per Share
CEO Cites Strong Cash Flow, Shareholder Value and Growth Strategies Leading to Cumulative $2.20 in Regular and Special Dividends Declared Over Six Years
Press Release Source: Emergent Group Inc. On Tuesday December 7, 2010, 8:00 am
SUN VALLEY, Calif., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Emergent Group Inc. (NYSE Amex Equities:LZR), a leading provider of mobile medical lasers and surgical equipment, today announced that the Board of Directors has declared a special, one-time cash dividend of $0.50 per share on its common stock as well as a regular dividend of $0.40 per share, for a total of $0.90 payable December 27, 2010 to shareholders of record December 17, 2010.
Since 2005, the Board has declared cumulative regular or special cash dividends of $2.20 per share.
The Directors also indicated that if the federal government reaches a definitive agreement not to raise dividend tax rates beginning in 2011, payment for both Emergent's special and regular dividends may be postponed to a date in January 2011.
"Emergent Group's dividend declaration continues our practice of rewarding shareholders with the strong cash flow generated by our business model," said Bruce J. Haber, Chairman and CEO. "At the same time, our cash flow allows us to actively pursue our growth strategies, including investment in new technologies, an aggressive sales force and processes that encourage hospitals, physician practices and manufacturers to collaborate with us on cost-effective equipment rentals. Even in a period of healthcare industry softness, we have been able to manage our cash prudently and reduce our debt. Between the first and third quarters of 2010, we have seen our cash balance increase over 36% and total shareholders' equity rise by more than 16%. We are pleased that Emergent Group has the resources to make this dividend declaration possible and we thank our shareholders for their ongoing support."
Emergent Group remains committed to these key growth strategies, executed by its wholly-owned subsidiary, PRI Medical Technologies, Inc.:
•Building an aggressive and experienced management and sales team focused on expanding per-procedure rentals of existing medical equipment and sales of accompanying consumable items in markets covering 16 states.
•Capitalizing on a number of important trends, including an aging population that will require a growing number of medical procedures for conditions, such as prostate enlargement (BPH), urinary incontinence, certain cancers (Cryosurgery), stable angina, and stones (Lithotripsy).
•Alleviating financial concerns of hospitals by helping them use rentals to conserve capital and upgrade to new, cost-effective medical technologies with the aid of company-trained technicians.
•Helping medical technology manufacturers to counter their long selling cycles by partnering with the company's strong sales force to identify new rental opportunities and, thus, open up additional revenue streams.
•Identifying selective acquisition opportunities that expand Emergent Group's geographic reach and scope of services.
About Emergent Group Inc.
Emergent Group Inc., through its wholly owned subsidiary, PRI Medical Technologies, Inc. ("PRI Medical"), provides mobile medical laser and surgical equipment in 16 states on a per-procedure basis to hospitals, outpatient surgery centers and physicians' offices. Surgical equipment is provided to customers along with technical support personnel to ensure that such equipment is operating correctly. PRI Medical currently offers its services in five states in the western United States and 11 states along the eastern seaboard. Emergent Group, Inc. is a member of the Russell Microcap(R) Index. For investor and product information, visit Emergent Group's website, www.emergentgroupinc.com.
Forward-Looking Statements
Statements in this news release may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934. Such statements may involve various risks and uncertainties, some of which may be discussed in the Company's most recent report on Form 10-K and subsequently filed SEC reports. There is no assurance any forward-looking statements will prove accurate, as actual results and future events could differ materially from those presently anticipated.
Contact:
Emergent Group Inc.Bruce J. Haber(914) 235-5550, x. 12bhaber@primedical.net
Park Electrochemical Corp. (NYSE:PKE) announced that its Board of Directors has declared a special cash dividend of $1.00 per share payable December 28, 2010 to stockholders of record at the close of business on December 16, 2010.
The Board of Directors also declared a regular quarterly cash dividend of $0.10 per share payable February 4, 2011 to stockholders of record at the close of business on January 7, 2011, consistent with the Company’s historic schedule of regular quarterly dividends
BAB, Inc. Announces Cash Distribution
Date : 12/06/2010 @ 10:32AM
Source : Business Wire
Stock : BAB, Inc. (BABB)
Quote : 0.46 0.001 (0.22%) @ 9:31AM
BAB, Inc. Announces Cash Distribution
Bab (BB) (OTCBB:BABB)
Intraday Stock Chart
Today : Monday 6 December 2010
BAB, Inc. (OTCBB: BABB), today announced that its Board of Directors has declared a quarterly distribution of one cent ($0.01) per share and a special distribution of two cents ($0.02) per share, payable on January 5, 2011 to shareholders of record as of December 20, 2010.
The Company believes it is possible for tax purposes, a portion of the distribution and any future distributions that the Board may declare (collectively, the “Distributions”) may be treated as a return of capital to shareholders to the extent of each shareholder’s basis, while the remaining portion of the Distribution may be treated as a dividend.
The portion of the Distributions that will be treated as dividends will not be determined until after December 31, 2011, as that portion is dependent upon the Company’s earnings and profit for tax purposes for its fiscal year ending November 30, 2011, and the Company will not be able to definitively calculate its earnings and profits until after the end of the fiscal year. The final determination will be reported to recipients of the Distributions on a tax information return in early 2012.
BAB, Inc. operates, franchises, and licenses Big Apple Bagels ®, My Favorite Muffin ® Jacobs Bros. Bagels ® and Brewster’s ® Coffee. The Company’s stock is traded on the OTCBB under the symbol BABB and its web site can be visited at www.babcorp.com.
Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “would,” “believe” and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company’s SEC filings.
Houston American Energy Corp (NYSE Amex: HUSA), today announced that its Board of Directors has declared a special dividend of $0.20 per common share to holders of record on December 17, 2010 with a payment date of December 28, 2010.
FIZZ declares $2.60/share
this is a pretty humorous PR to boot...
DJN: PRESS RELEASE: National Beverage Corp. 'Acts' in Favor of Cash Dividend
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--December 06, 2010--
National Beverage Corp. (NASDAQ: FIZZ) -- Today, December 6, 2010, being the
latest effective date by regulation and time requirement in which to secure
preferential tax treatment for their shareholders, the Board of Directors
has acted to guard their shareholder interests by declaring a cash dividend
of $2.30 per share. This dividend shall be payable to shareholders of record
as of the close of business on December 16, 2010. Under Delaware law, the
State in which the Company is incorporated, payment of dividends shall be
made no later than 60 days after record date or, in this case, on or before
February 14, 2011. NASDAQ shall require ex-dividend trading of National
Beverage Common Stock (FIZZ) effective market opening on December 14, 2010.
"While the Board and management are joyful and uplifted for the
shareholders, the Company's balance sheet and prudent management philosophy
enabled the Board's actions and will not impair or negatively influence the
Company's future performance in any way," stated Nick A. Caporella, Chairman
and Chief Executive Officer.
"Our federal lawmakers' lack of fiscal judgment, relative to the expiration
of the current tax laws, induced the Board's decision to act in a prudent
manner on behalf of the shareholders. There is much conjecture these days
about what Congress may or may not retroactively do. If they could pass a
law that we (shareholders of America / voters) had the right to
retroactively rescind our original vote -- should they gridlock after
elected -- the abandoned-patriotic providers of our great America would
profoundly . . . be reaffirmed! That's a -- Yes!" Caporella continued.
"The Board -- along with Team National, wish all . . . Good Tidings this
Thanks and Giving Season," concluded Caporella.
National Beverage is highly innovative as a pace-setter in the changing
soft-drink industry, featuring refreshment products that are geared toward
the lifestyle/health-conscious consumer. Shasta(R) -- Faygo(R) --
Everfresh(R) and LaCroix(R) are aligned with Rip It(R) energy products to
make National Beverage . . . America's Flavor--Favorite -- soft-drink
company.
Fun, Flavor and Vitality . . . the National Beverage Way
This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include fluctuations in costs, changes in consumer preferences and
other items and risk factors described in the Company's Securities and
Exchange Commission filings. The Company disclaims an obligation to update
any such factors or to publicly announce the results of any revisions to any
forward-looking statements contained herein to reflect future events or
developments.
CONTACT: National Beverage Corp.
Office of the Chairman
Grace Keene, 877-NBC-FIZZ
SOURCE: National Beverage Corp.
Copyright Business Wire 2010
Order free Annual Report for National Beverage Corp
Visit http://djnweurope.ar.wilink.com/?ticker=US6350171061 or call +44
(0)208 391 6028
Cameco Corp. (TSX: CCO.TO) will boost its dividend by 43 per cent next year, as the uranium giant sees strong growth ahead for the raw material used to power nuclear reactors.
"The substantial increase in our annual dividend demonstrates our confidence in our business and in the long-term fundamentals of the uranium market," Cameco CEO Jerry Grandey said in a statement Thursday.
"Cameco is the only investment opportunity in our industry with the financial strength to substantially increase dividends while undertaking an ambitious growth program."
Beginning in the first quarter of fiscal 2011, Cameco's quarterly dividend will rise to 10 cents per share from seven cents per share in 2010. On an annualized basis, the dividend of 40 cents per share will compare to 28 cents per share this year.
Last month, Cameco raised its full-year production guidance from 21.5 million pounds of uranium to 22 million, while it lowered its capital spending plan from $510 million to about $475 million due to changes in the scheduling of some projects.
The Saskatoon-based company said it earned $98 million, or 25 cents per share, on $419 million in revenue for the quarter ended Sept. 30. That was down from $172 million or 44 cents per share on $518 million in sales a year earlier.
Cameco also announced last month that it has secured a long-term supply contract with Chinese nuclear company China Guangdong Nuclear Power Holding Co. Ltd. for 29 million pounds of uranium concentrate through 2025. It didn't disclose the value of the deal, as it is "commercially sensitive" information.
Cameco and other major global uranium producers such as BHP Billiton and Rio Tinto are cashing in on soaring uranium demand from China and other parts of Asia as those countries embark on a big nuclear power plant building boom to meet future electricity demands from their soaring economies.
AMAZING call on ASRG. You should be membermarked by all.
ASRG, which I alerted yesterday, was up $0.15 to $1.30 today on over 10x the average daily volume. They announced a $0.16 dividend yesterday. Also, they earned $0.08/share in Q3 and I expect Q4 to be the same or better. They are trading at a PE of 4 times annualized Q3 earnings. IMO there is a lot more room for upside.
REDWOOD CITY, Calif. (AP) -- Biotechnology company Maxygen Inc. said Monday that it will distribute its stake in Codexis Inc. and about $30 million in cash to its own shareholders.
Maxygen owns about 6 million shares of Codexis, which represents a 17-percent stake in the company. It has warrants to buy another 31,000 shares. Owners of Maxygen stock will get 0.19 shares of Codexis for each Maxygen share they hold, the company said. It plans to distribute cash instead of fractional shares.
Codexis develops enzymes for industrial purposes. It was formed in January 2002 as part of Maxygen, but is now a separate company. Codexis completed its initial public offering in April 2010.
Maxygen said it will still own about 500,000 Codexis shares as part of equity awards. Those shares will be delivered after the awards have vested.
The company plans to conduct the distribution of Codexis shares on Dec. 14, giving the stock to Maxygen shareholders of record as of Dec. 3. After the stock distribution, Maxygen said it will make a special cash distribution. Owners of Maxygen stock on Dec. 17 will get $1 per share in the Dec. 28 distribution
check out MAXY ultimate arbitrage
Ulticom shareholders approve $90M sale to Platinum
Ulticom Inc. said Thursday that shareholders approved sale of the telecommunications-software provider to Platinum Equity LLC for $90 million.
Platinum will pay $2.33 per share in cash after Ulticom pays its shareholders a special dividend of $5.74 per share.
The deal is expected to close Friday after majority stockholder Comverse Technology Inc. sells its Ulticom shares to Platinum, a buyout firm founded in 1995.
SYNT, a global information technology services and Knowledge Process Outsourcing (KPO) firm, announced that its Board of Directors has declared a special cash dividend of fifty cents ($0.50) per share. The dividend is payable on December 29, 2010, to shareholders of record at the close of business on December 15, 2010.
Village Super Market declares special dividend of $1.25 per Class A share; payable Dec. 28
SPRINGFIELD, N.J. (AP) - Village Super Market Inc., which runs Shop Rites in New Jersey and eastern Pennsylvania, said Friday its board has declared a special dividend of $1.25 per Class A common share and 81.25 cents per Class B common share.
The dividends will be payable on Dec. 28 to shareholders of record on Dec. 15.
The company said in a statement the board chose to declare these dividends now while tax rates on dividends remain low. It said it plans to pay quarterly dividends next year of between 6 and 12 cents per Class A share and .039 to .078 cents per Class B share. The board plans to review 2012 dividends based on tax rates and other factors at that time.
Friedman Industries, Incorporated Announces Cash Dividends
Friedman (AMEX:FRD)
Intraday Stock Chart
Today : Friday 3 December 2010
The Board of Directors of Friedman Industries, Incorporated (NYSE-Amex: FRD), a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 2, 2010, a quarterly cash dividend of $0.11 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 18, 2011, to shareholders of record at the close of business on January 21, 2011.
In other dividend action, the Board of Directors declared a special cash dividend of $0.50 per share on the Common Stock of the Company. The Company will pay this special cash dividend on December 28, 2010, to shareholders of record at the close of business on December 17, 2010.
For further information regarding these dividends, please contact Mr. Ben Harper, Senior Vice President - Finance at 713-672-9433.
ASRG.OB
Actually it is .16, but other then that you got it right. LOL.
ASRG - http://www.otcbb.com/asp/dividend.asp?sym_id=ASRG&dDate=12/17/2010&sDateType=Record_date
They declared a $0.15 dividend today on a $1.15 stock!
Drew Industries Incorporated (NYSE: DW), a leading supplier of components for recreational vehicles (RV) and manufactured homes, today announced that its Board of Directors approved a special cash dividend of $1.50 per share of common stock.
The dividend is payable on December 28, 2010 to stockholders of record at the close of business on December 20, 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.
-----------------------------------------------------------------
(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
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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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