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Posts Tagged ‘Inc. (NASDAQ:RBCAA)’

More Special Dividends on Tap from 2% to 18%

As the year comes to a close, there are more special dividend announcements.  Company’s continue to pay cash to shareholders before the decision to raise taxes in 2013.  Here is a list of special dividends from 2.0% to 18%:

Republic Bancorp, Inc. (NASDAQ:RBCAA), parent company of Republic Bank & Trust Company and Republic Bank, announced today that its Board of Directors has approved a one-time special cash dividend of$1.10 per share on Class A Common Stock and $1.00 per share on Class B Common Stock. The special cash dividend will be payable December 21, 2012 to shareholders of record as of November 30, 2012.  In addition, the Board also declared the Company’s regular quarterly cash dividend of $0.165per share on Class A Common Stock and $0.15 per share on Class B Common Stock. The regular quarterly dividend payment will be payable January 18, 2013 to shareholders of record as of December 21, 2012.

The combined dividend payments are a dividend yield of 5.81% on Class B shares.  Republic Bancorp has an equity summary score of 9.9 out of 10 for a VERY Bullish outlook.

The Board of Directors of Waddell & Reed Financial, Inc. (NYSE:WDR) approved a special cash dividend on its Class A common stock of$1.00 per share payable on December 6, 2012 to stockholders of record as of November 26, 2012.  In addition to the special cash dividend, the Board has approved an increase in the
quarterly dividend to $0.28 per share payable on February 1, 2013 to stockholders of record as of January 11, 2013. This new quarterly rate represents an increase of 12% over the previous$0.25 dividend per share rate.

The combined dividend payments are a dividend yield of 3.97%.  Waddell & Reed Financial has an equity summary score of 9.0 out of 10 for a Bullish outlook.

NetEase (NASDAQ:NTES) makes the lion’s share of its revenue from online games.  The company said Tuesday it is paying a special dividend of $1 per American depositary share, and launching a share buyback program of $100 million, as it seeks to boost shareholder returns. The dividend will cost the company around $131 million.

The special dividend payment is a dividend yield of 2.0%.  NetEase has an equity summary score of 5.7 out of 10 for a Neutral outlook.

Primus Telecommunications Group, Incorporated (NASDAQ:PTGI) , a global facilities-based integrated provider of advanced telecommunications products and services, announced that its Board of Directors has approved a special cash dividend of$2.50 per share on all issued and outstanding PTGI common stock. The special cash dividend will be paid on December 11, 2012 to holders of record of PTGI common stock as of November 27, 2012.

The special dividend payment is a dividend yield of 18.0%.  Primus Telecommunications Group has an equity summary score of 2.0 out of 10 for a Bearish outlook.

RLI Corp. (NYSE:RLI) announced today its board of directors has declared an extraordinary cash dividend of $5.00 per share of common stock, which is expected to total approximately $105 million, and a regular quarterly cash dividend of $0.32 per share. Both dividends are payable on December 20, 2012, to shareholders of record as of November 30, 2012.

The combined dividend payments are a dividend yield of 7.97%.  RLI Corp. has an equity summary score of 3.7 out of 10 for a Neutral outlook.

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