Generac Holdings Inc. announced that its board has declared a previously announced special dividend of $6 per share to be paid in June. GNRC is trading at $26.00 so the $6.00 special dividend is a 23% yield. Generac (GNRC) will use the remaining proceeds from the new term loans and cash on hand to fund a special cash dividend, which totals about $408 million, and for related refinancing fees. The special dividend will be paid June 29 to shareholders of record June 20.
Booz Allen Hamilton Holding Corp (BAH) announced plans to pay a special cash dividend of $1.50 a share. With BAH trading at $15 per share, the special dividend is a 10% dividend yield. This dividend is payable on June 29 to shareholders of record as of June 11. In addition, BAH approved a quarterly dividend of 0.09 per share. The dividend is payable on June 29, 2012 to shareholders of record on June 11, 2012.