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Posts Tagged ‘one time special dividend’

Fisher Communications offers a 27% Special Dividend

Fisher Communications Inc. (NASDAQ: FSCI) initiated a regular quarterly dividend and declared a special $10 cash dividend as the local-media company looks to boost its value to shareholders.

The company said it plans to launch a quarterly dividend of 15 cents, beginning in the fourth quarter. The payout will cost roughly $5.33 million a year.

Fisher intends to fund the special dividend, which will total about $89 million, with existing cash and investments.

Fisher reported earlier this month its second-quarter profit increased 18% as revenue rose 4.8%.

Based on the current stock price, the special dividend will be a 27% dividend yield.  Fisher has a fair value estimate of $45.

Soufun Holdings Announces a 7.5% Cash Dividend

SouFun Holdings Limited (NYSE: SFUN), the leading real estate and home furnishing Internet portal in China, today announced that its board declared a cash dividend of US $1.00 per share on the Company’s ordinary shares, which will be paid by September 28, 2012 to shareholders of record as of the close of business on September 6, 2012. Based on the current stock price, the special dividend will be a 7.5% dividend yield.

SouFun reported Q2 EPS of $0.48, topping the analyst estimate of $0.41.  Revenue for the quarter came in at $97 million, topping the $91.62 million analysts had forecast.  Net income attributable to shareholders recorded a year-over-year increase of 63.5% to US$46.9 million, or US$0.58 per fully diluted share.  SouFun raised its revenue guidance for fiscal year of 2012 from between US$380.0 million and US$400.0 million to betweenUS$390.0 million and US$410.0 million, representing a year-on-year increase of 13.4% to 19.2%.

HEES Offers a 39% Special Dividend

H&E Equipment Services, Inc. (NASDAQ: HEES) announced that its Board of Directors declared a one-time special cash dividend (the “Dividend”) of $7.00 per share, payable on September 19, 2012 to stockholders of record at the close of business on September 5, 2012. The aggregate amount of the payment to be made in connection with the Dividend will be approximately $246 million. The Dividend will be funded by the proceeds of the Company’s offering of $530 million aggregate principal amount of 7% senior notes due 2022, which closed on August 20, 2012.

At $7 per share, the Dividend represents approximately 39% of the Company’s stock price.  HEES has a market cap of $633 million.

On August 2, H&E Equipment Services reported Q2 earnings of $0.30 per share, versus the Capital IQ consensus of $0.24. Revenues were $209 million, versus the analyst estimate of $206.59 million.  In the same period last year, the company reported EPS of $0.08 on revenues of $184.34 million.

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, crane, earthmoving equipment, and industrial lift truck categories.

HollyFrontier Corporation Announces Special and Regular Dividends

HollyFrontier Corporation (HFC) announced today that its Board of Directors declared a special cash dividend in the amount of $0.50 per share, payable on September 4, 2012 to holders of record of common stock on August 27, 2012.

The Board of Directors also approved a regular quarterly dividend of $0.15 per share. This dividend will be paid on October 2, 2012 to all holders of record of common stock on September 10, 2012.

Mike Jennings, CEO and President of HollyFrontier  said, “After last week’s outstanding second quarter results, our Board of Directors authorized another special dividend, the fifth since our July 2011 merger. Over the last twelve months we have returned$2.42 per share in cash to shareholders through regular and special dividends, which equates to a more than 6% yield on today’s closing price of $39.59 per share.”

Subscribers to the Get Rich Monthly Income Plan have an YTD return on HFC of 96% (excluding recent special dividend) from investing in a perpetual covered call position.  MIP investors also collected a $0.50 special dividend from HFC in June 2012.

Neutral Tandem (IQNT) Announces Special Dividend

Neutral Tandem, Inc. (IQNT), doing business as Inteliquent, provides interconnection and interoperability solutions worldwide.  It offers voice, IP transit, and Ethernet telecommunications services primarily on a wholesale basis.  The company announced its intention to declare and pay a special one-time cash dividend in an amount between $4.80 and $5.65 per share, or between approximately $155 – $180 million in aggregate, during the fall of 2012, subject to market and other conditions.  IQNT is currently trading at $12 per share making the special dividend yield of 40% or more.

The company earnings were well below estimates on slowing sales to telecom service provider customers.  However, Thomas White/Global Capital upgraded NEUTRAL TANDEM INC to FAVORABLE on August 13, 2012.  IQNT has an equity summary score of 6.3 out of 10 for a Neutral outlook.

Bottom line: This is a stock to watch going forward as the special dividend is huge (40%) but the company must get its earnings turned around before Fall.  The company had $165 million in current assets as of 6/30.

Get a Special Dividend of $10.41 for a 25% Dividend Yield.

Choice Hotels International, Inc. (CHH) announced that the Company’s Board of Directors has declared a special cash dividend in the amount of $10.41 per share, resulting in an aggregate payment amount of approximately $600 million. The record date for the special cash dividend is August 20, 2012 and the special cash dividend will be paid on August 23, 2012.  The Company has been informed by the New York Stock Exchange that, in accordance with its rules, the ex-dividend date is expected to be August 24, 2012.  Accordingly, stockholders who sell their shares on or before the payment date will not be entitled to receive the special cash dividend.

CHH is trading at $41.07 so the special dividend is a 25% dividend yield.  In addition, CHH pays a quarterly dividend with a dividend yield of 1.80%.

Choice Hotels International, Inc. franchises more than 6,100 hotels, representing more than 495,000 rooms, in the United States and more than 30 other countries and territories. As of March 31, 2012, more than 350 hotels were under construction, awaiting conversion or approved for development in the United States, representing more than 30,000 rooms, and approximately 80 hotels, representing approximately 7,000 rooms, were under construction, awaiting conversion or approved for development in approximately 20 other countries and territories.

Choice Hotels Announces Special Dividend of $10 per share

Choice Hotels (CHH) whose midpriced and budget hotel brands include Comfort Inn, Quality Inn and Econo Lodge, announced  it intended to offer $400 million of 10-year, asset-backed senior notes to help fund a $600 million special cash dividend.  This is a special dividend of approximately $10.00 per share.  The special dividend must be approved by the Board.  There is no date scheduled for the special dividend.  CHH has a current dividend yield of 1.85%.  CHH has an equity summary score (weighted analyst consensus) of 8.3 out of 10 for a Bullish outlook.

Choice Hotels International, Inc. franchises more than 6,100 hotels, representing more than 495,000 rooms, in the United States and more than 30 other countries and territories. As of March 31, 2012, more than 350 hotels were under construction, awaiting conversion or approved for development in the United States, representing more than 30,000 rooms, and approximately 80 hotels, representing approximately 7,000 rooms, were under construction, awaiting conversion or approved for development in approximately 20 other countries and territories.  The Company’s Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands serve guests worldwide.

4 Special Dividend Stocks – One Stock with a 18.7% Special Dividend Yield

Aware, Inc. (AWRE), 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.

AWRE closed at $6.15 for a one-time special dividend yield of 18.7%.

Anixter International Inc. (AXE), a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts, today 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.

AXE closed at $69.43 for a special one-time special dividend yield of 6.5%.

LPL Financial (LPLA) just widened the gulf between itself and other competitors after announcing a $2 special dividend payout to shareholders slated for May, and plans to initiate smaller quarterly payments thereafter, industry observers said.  After May, investors holding LPL Financial’s common stock can expect regular quarterly dividend payments, initially of up to $0.12 per share, according to the company.  The dividend is payable on May 25, 2012 to all common stockholders of record as of the close of business as of May 15, 2012.

LPLA closed at $36.98 for a total one-time special dividend yield of 5.47%.

Diamond Offshore Drilling, Inc. (DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock.  Both dividends are payable on June 1, 2012 to shareholders of record on May 1, 2012.

DO closed at $68.00 for a total one-time special dividend (special plus regular dividend) yield of 1.29%.

 

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