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More Special Dividends this Week

Primus Telecommunications Group, Incorporated (PTGI), a leading international wholesale service provider to fixed and mobile network operators worldwide, announced today that its Board of Directors has approved a special cash dividend of $8.50 per share on all issued and outstanding PTGi common stock. The special cash dividend will be paid on August 27, 2013 to holders of record of PTGi common stock as of August 20, 2013.

The dividend creates a current yield of 70%.  The special dividend comes after disappointing earnings.

PTGI shares are down market trading as it reports Q1 revenue of $51.3 million, down from $59.8 million a year prior. Net loss was $3.2 million, or $0.23 per share, compared to $6.9 million, or $0.50 per share.

I would PASS on the PTGI special dividend based on the poor EPS report.

Nature’s Sunshine Products, Inc. (NATR), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today reported its consolidated financial results for the second quarter, and declared a special one-time cash dividend of $1.50 per share, a regular quarterly cash dividend of $0.10 per share and a $10 million share repurchase program.

The combined $1.60 in dividends creates a current yield of 8.55%.  The dividend is payable on August 29, 2013 to shareholders of record as of the close of business on August 19, 2013. The amount of the cash dividends is expected to be approximately $25.6 million. In addition, the Board of Directors authorized a $10 million share repurchase program to be implemented over two years.

The special one-time cash dividend and share repurchase program is due to the Company’s strong cash flow and its record high quarter-end cash balance of $87.3 million, and the Board’s commitment to return capital to shareholders and its confidence in the long-term growth prospects of the Company’s business.

The stock trades at a PE ratio of 14 and a price to sales ratio of 0.78.

NATR has an equity summary score of 7.4 out of 10 for a Bullish outlook.

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