Get Rich - Stay Rich - Investing for Monthly Income

Posts Tagged ‘special dividend’

How to Get 50% of Your Stock Purchase in Monthly Income Installments

A covered call trade is a very simple instrument to increase your monthly income. The basic idea is to sell a call option for every 100 shares of stock you own.  By selling the call option, the investor receives a premium which is what our investors call monthly income or monthly dividend payments.  We sell new call options each month to create new income – month after month.  This is in addition to the current dividend paid by stocks on a quarterly basis.

Here is an example of what subscribers to the Get Rich Monthly Income Plan achieved in 2013:

Subscribers purchased Holly Frontier in January 2013 for $46.35 per share. So purchasing 100 share of stock will cost a total of $4,635 plus commission costs.  At this time, HFC was paying a $0.30 per quarter dividend for a dividend yield of 2.59%.  This is a nice yield on a fairly stable stock but it gets even better.  In addition to the $1.20 in quarterly dividends, HFC paid $2.00 more per share in special dividends.  This increases the total dividends to $3.20 per share in 2013.  The addition of special dividends increases the stocks annual dividend yield to 6.9%.  Wow, a 6.9% dividend yield is great in this low yielding stock market!

But it gets even better for Get Rich Monthly Income Plan subscribers.  They sold a call option on each 100 shares of HFC stock they owned each month of 2013.  Based on our results, this created a total of $1,985 for the entire year.  This created an average monthly income of $165.42 by selling the call option which created the covered call trade.  The total premium income of $1,985 is about 40% of the total cost of entering the trade – $4635 at the beginning of the year.  Therefore, investors received nearly half of their initial investment in HFC back during the year through a simple monthly covered call trade.

Now, subscribers can add the three sources of income – quarterly dividend, special dividends and covered call income together to create a Monthly Income Plan.  In total, subscribers received $2,305 in additional income from owning 100 shares of HFC stock in 2013.  This is an average of $192 in additional income each month of 2013. And, the $2305 in income is 50% of the total amount of the initial investment in 100 share of HFC!

This Company is Offering a 9.3% Special Dividend

Viad Corp (NYSE: VVI) announced that its Board of Directors declared a special cash dividend of $2.50 per share for shareholders of record at the close of business on November 7, payable on November 14.  This is a 9.3% dividend yield on this payout at current stock prices.

Its Board also expects to declare an additional special cash dividend of $1.50 per share, payable in January.

Analyst consensus has Viad growing EPS by 34% to $1.71 per share in 2014.  Based on this projected EPS, Viad has a 12-month price target of $30.00.  First Call has a strong buy recommendation on Viad Corp.

Viad Corp. is comprised of operating companies and a division which constitute a diversified services business. Most of Viad’s services are provided to businesses for use by their customers. Accordingly, the corporation markets its services through retail and financial locations, primarily in the U.S., to numerous trade show organizers and exhibitors, and others.

Viad Corp announced third quarter 2013 income from continuing operations of $10.8 million, or $0.53 per diluted share.  Viad’s income before other items of $14.1 million, or $0.69 per diluted share, excludes restructuring charges of $0.02 per diluted share and non-cash impairment charges of $0.14 per diluted share. This compares to the company’s prior guidance of income before other items in the range of $0.54 to $0.64 per share and 2012 third quarter income before other items of $1.01 per share. The expected decline from 2012 was driven primarily by negative show rotation in the Marketing & Events Group.

  • Revenue was $236.5 million as compared to $307.5 million in 2012.
  • Segment operating income was $24.6 million as compared to $34.2 million in 2012.
  • Free cash flow was $21.8 million as compared to $45.2 million in 2012.
  • Cash and cash equivalents were $120.1 million at September 30, 2013.
  • Debt was $1.7 million, with a debt-to-capital ratio of 0.4% at September 30, 2013.

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.

Special Dividend Opportunity – $22 per share with 14% Dividend Yield

TransDigm Group (TDG) announced that its board of directors has authorized and declared a special cash dividend of $22.00 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans.  The record date for the special dividend is July 15, 2013, and the payment date for the dividend is July 25, 2013.

TDG is trading at $158 per share following the special dividend.  Shares are up 18% in the past year and 7% in the past month.  The stock has a neutral rating according to its equity summary score of 5.9 out of 10.

W. Nicholas Howley, TransDigm Group’s Chairman and Chief Executive Officer, stated, “This special dividend is part of our ongoing efforts to allocate our capital in order to create value for our shareholders.  We believe the market conditions and other factors gave us a unique opportunity to accelerate returns to our shareholders by this special dividend.  The combination of a cash balance anticipated to be over $450 million at September 30, 2013; an available revolver of approximately $300 million; additional capacity under our amended credit agreement; and expected strong quarterly cash generation in fiscal 2013 and fiscal 2014, give us adequate financial capacity to meet our likely range of operating and acquisition needs.”

TransDigm Group Incorporated recently announced that it acquired the assets of GE Aviation’s Electromechanical Actuation Division for approximately $150 million in cash on June 28, 2013.  The business, which will be conducted by TransDigm through a new entity, Whippany Actuation Systems, LLC (Whippany), located in Whippany, New Jersey, manufactures proprietary, highly engineered aerospace electromechanical motion control subsystems for civil and military applications. Product offerings include control electronics, motors, high power mechanical transmissions and actuators.  Whippany’s revenues are estimated to be approximately $80 million.

TransDigm Group, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and lighting and control technology.

PXP Declares 6% Special Dividend

Plains Exploration & Production Company (PXP) announced that PXP’s Board of Directors has declared a special one-time cash dividend of $3.00 per share, payable to PXP stockholders as of May 30, 2013, the dividend record date.  The dividend is conditioned upon and will be paid immediately prior to or upon the completion of PXP’s merger with Freeport-McMoRan Copper & Gold Inc. (FCX) . The merger is expected to close on May 31, 2013, subject to the satisfaction of all conditions to closing.

The special dividend has a current dividend yield of 6.13% based on the most recent PXP closing price.

Meanwhile, Freeport-McMoRan’s board intends to declare a supplemental$1dividend immediately following the closing of its Plains acquisition.  The FCX dividend has a current dividend yield of 3.3%.

Plains Exploration & Production Co.’s shareholders Monday (5/20/2013) approved a $ 6.5 billion merger with Freeport-McMoRan Copper & Gold Inc., overcoming earlier pressure to reject the deal.

The deal gives Phoenix-based mining company Freeport-McMoRan sizeable assets in the booming U.S. oil and natural gas production business. But market analysts questioned whether the companies could successfully merge two disparate businesses and wondered if Plains Exploration shareholders sold their stakes too cheaply.

Possible shareholder jitters forced Plains Exploration to sweeten the deal earlier Monday by announcing a special dividend of$3a share if the acquisition went through.

Plains Exploration’s dividend was “understandable as pressure had been mounting in recent weeks to vote against the deal,” said analysts with Tudor, Pickering, Holt & Co.

Freeport-McMoRan agreed in December to pay the cash-and-stock equivalent of$ 50a share for Plains Exploration, while also unveiling plans to acquire McMoRan Exploration Co. (MMR) for$3.4 billionin cash.

Freeport-McMoRan’s intentions to acquire the two oil explorers came under fire from investors who say the tie-up is riddled with conflicts of interest as six directors will have overlapping roles at Freeport and McMoRan. At the same time, Freeport shares have declined sharply since the offer was unveiled in December. But Freeport said earlier this month it wouldn’t increase its offer, ending speculation the deal might be boosted.

Plains on Monday said the special dividend will be paid immediately prior to the completion of its merger with Freeport-McMoRan, which has also approved the payout.

Freeport-McMoRan also said it plans to complete$1.5 billionin asset sales from the combined company and will reduce its capital-spending plans.

PXP is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas in California, Texas, Louisiana and the Deepwater Gulf of Mexico. PXP is headquartered in Houston, Texas.

CSWC Announces $2.75 Special Dividend – Stock Trades at 49% Discount to NAV

The Capital Southwest Corporation (CSWC) board of directors has declared a cash dividend in the amount of $2.75 per share of common stock. This special dividend is a yield of 2.5% based on the current stock price. The dividend is payable on March 28, 2013 to shareholders of record on March 15, 2013.

Capital Southwest Corporation is a public investment firm specializing in venture capital and private equity investments in small and medium sized businesses.  CSWC has a market cap of $421 million and is cheaply valued with a trailing PE of only 6 compared to an industry average PE of 20.

Capital Southwest Corporation reported total net assets at December 31, 2012 of $628,089,815 equivalent to $165.36 per share.  CSWC shares are currently trading at $111 which is a 49% discount to the NAV at year end. 

The market clearly misunderstands this stock as it should not be trading at such a discount to NAV.  In addition, CSWC has NO long-term debt on its books.  CSWC has an equity summary score of 7.2 out of 10 for a Bullish outlook.

Assuming reinvestment of all dividends and tax credits on retained long-term capital gains, the December 31, 2012net asset value was 18.4% greater than the March 31, 2012net asset value of $167.45per share and 34.9% above the December 31, 2011net asset value of $146.95per share. It is important to note that during the nine months ended December 31, 2012, CSWC distributed $66,825,782 or $17.59 per share of capital gains dividends and $3,025,032 or $0.80 per share in ordinary dividends to our shareholders.

On January 30, 2013 Capital Southwest Corporation announced that Capital Southwest Venture Corporation, a wholly-owned subsidiary of CSWC sold its 9,317,310 shares of common stock of Heelys, Inc. to Sequential Brands Group, Inc. pursuant to the merger of Heelys into a wholly-owned subsidiary of Sequential.  The Merger closed on January 24, 2013.

The sale of CSVC’s 9,317,310 shares of Heelys’ common stock generated cash proceeds of $20,963,948 and a capital gain of $20,861,458 or $5.49 per share, based on the 3,800,393 shares of issued and outstanding shares of CSWC. The CSWC Board has approved a partial distribution of the capital gain proceeds, in the amount of $2.75 per share or approximately $10,451,000.

Diamond Offshore Declares Special Dividend

Diamond Offshore Drilling Inc (DO), the world’s fourth-biggest offshore driller by market value, reported a stronger-than-expected quarterly profit as contract drilling expenses fell.  The company rewarded investors with a special dividend payment.

On February 5, 2013 the board of directors at Diamond Offshore Drilling Inc (DO) approved a dividend of $0.75 per share and a quarterly dividend of $0.125 per share.  The combined special and quarterly dividends are a one-time yield of 1.2%.  Both dividends are payable on March 1, 2013 to shareholders of record on February 19, 2013.

Diamond Offshore Drilling reported net income for the fourth quarter of 2012 of $156 million, or $1.12 per share on a diluted basis, compared with net income of $188 million, or $1.36 per share on a diluted basis, in the same period a year earlier. Revenues in the fourth quarter of 2012 were $751 million, compared with revenues of $748 million in the prior-year quarter.

For the full-year 2012, the Company reported net income of$720 million, or$5.18per share on a diluted basis, compared with net income of$963 million, or$6.92per share on a diluted basis, in 2011. Revenues for the full-year 2012 were$2.987 billion, compared with$3.322 billionin 2011.

Diamond Offshore has great financial discipline, which is one of the best in the industry.  The company is also looking to increase its footprint in the emerging markets (like Brazil and West Africa) to reap benefits from the recently discovered deepwater fields. Further, improving activity in North Sea positions the company well. Diamond Offshore exhibits long-term earnings growth visibility based on its strong leverage to the offshore deepwater drilling market.

Diamond is expanding its ultra deepwater leverage through the construction of three drillships.  The company placed an order for its fourth ultra-deepwater drillship Ocean BlackLion, which is believed to be valuably utilized in the ultra-deepwater markets.  It is due for delivery by the fourth quarter of 2014. The increasing demand in regions of West Africa and North Sea is likely to benefit the existing fleet along with the newbuilds as they may be contracted at higher dayrates.

Diamond Offshore Drilling added 13 new contracts during the third quarter that augmented the Company’s revenue immensely and boosted contract drilling backlog by 12.1 rig-years.  This will provide sound earnings and cash flow visibility for years to come and be further strengthened by the company’s increasing focus on Brazil and the North Sea.  A combination of upgrades and new construction has been a long-term strategy and has allowed it to become a major in the industry.

Diamond Offshore Drilling has a 12-month price target of $80.

mREIT Update – High Yield and a Special Dividend

Investors have long been attracted to the high yields of mortgage REITs, which currently averages around 13 percent, nearly 7 times the average dividend yield of the S&P 500. The Fed’s announcement has caused drops in spreads, bond yields and homeowner’s borrowing costs, and as a result company’s earnings and dividends have been under pressure.

This will have a big impact on reinvestment for mREITs with low prepay protection.  November’s prepayment report showed a decline in overall prepayment speeds, but lower coupon speeds increased in the month. We continue to favor the mortgage REITs with prepay protected portfolios as they will have more stable cash flows from lower reinvestment needs. AGNC, AMTG, ARR, IVR, MTGE, and TWO have the lowest and most stable prepays in the sector.

Prepayment speeds on 30-year conventional speeds decreased 8% in November from the prior month, which was generally in line with expectations. Speeds on 3.5s rebounded potentially attributable to accelerated closing ahead of g-fee increases, rate relocks post September QE3 rally and closing delays due to Super Storm Sandy. The increase in 15-year speeds was in line with expectations.

The mortgage REITs are currently at a 7% discount to estimated fourth quarter book value and yielding 13.2%. Agency-only mortgage REITs are trading at a 7% discount to the hybrid peers.

While we continue to prefer the flexibility that hybrids have to invest across the entire mortgage universe, we see the Agency-only REITs offering better relative value today given the valuation discount. Trading at a discount to book value AGNC is our top pick; CYS and ARR also provide attractive relative value given current discounts to book.

The Board of Directors of CYS Investments, Inc. (CYS) declared a quarterly dividend of $0.40 per share of common stock for the fourth quarter of 2012, as well as a special dividend of $0.52 per share of common stock. The Company is making the special dividend to distribute the remaining REIT taxable income earned during 2012. These dividends will be paid on December 28, 2012 to common stock stockholders of record on December 21, 2012.  The company currently pays an annual dividend of$1.60 per share for a yield of around 12.3%.  CYS is trading at 87% of estimated book value.

American Capital Agency Corporation (AGNC) pays an annual dividend of five dollars per share for a yield of around 16.2%. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored entities or by the United States government agency.  AGNC is trading at 95% of estimated book value.  American Capital Agency Corp. announced that its Board of Directors has authorized the repurchase of up to $500 million of its outstanding shares of common stock through December 31, 2013.

ARMOUR Residential REIT (ARR) invests primarily in residential mortgage backed securities issued or guaranteed by a United States Government-chartered entity, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or guaranteed by the Government National Mortgage Administration, a United States Government corporation (Ginnie Mae). The company currently pays an annual dividend of$1.08 per share for a yield of around 15.5%.  ARR is trading at 91% of estimated book value.

Complete List of Special Dividends

More companies have unveiled a special dividend or accelerated dividend payout, as they have sought to avoid potentially higher taxes next year amid heated “fiscal cliff” deliberations inWashington.

In January, $500 billion in automatic tax increases and spending cuts–dubbed the “fiscal cliff”–will begin if Congress and the White House don’t intervene. Dozens of companies already have moved their quarterly dividend payouts to December instead of early 2013 to avoid possible higher taxes, while others have approved one-time special dividend payments for December.

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced that its Board of Directors has declared a special cash dividend in the amount of $1.50 per share. The dividend will be payable on or about December 27, 2012 to shareholders of record as of the close of business on December 17, 2012. The dividend yield is 35.8%.

SEACOR Holdings Inc. (NYSE: CKH) announced that its Board of Directors declared a Special Dividend of $5.00 per common share. The Special Dividend is payable to shareholders of record on December 17, 2012, and is expected to be paid on or about December 26, 2012. The Company expects that its common stock will trade ex-dividend beginning on December 12, 2012. The dividend yield is 5.6%.

Interactive Brokers Group, Inc. (NASDAQ: IBKR) , an automated global electronic broker and market maker, announced that its Board of Directors has declared a special cash dividend of $1.00 per share on the Company’s outstanding shares of common stock. The dividend is payable on December 28, 2012 to shareholders of record as of December 21, 2012.  The dividend yield is 6.6%.

Kforce Inc. (NASDAQ: KFRC) , a provider of professional staffing services and solutions, announced that the Board of Directors has declared a special cash dividend on Kforce common stock of $1.00 per share, payable December 27, 2012, to shareholders of record as of the close of business onDecember 17, 2012. The dividend yield is 7.7%.

Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors declared a one-time special cash dividend of $2.00per share, and authorized a stock repurchase program for up to a total of $50 million of shares of the Company’s Class A Common Stock. The dividends are payable on both the Class A and Class B Common Stock, and will be paidDecember 27, 2012 to stockholders of record at the close of business on December 17, 2012.  The dividend yield is 4.5%.

Shoe Carnival, Inc. (NASDAQ: SCVL) a leading retailer of value-priced footwear and accessories, announced today that its Board of Directors has approved the payment of a quarterly cash dividend and a special cash dividend.  The quarterly cash dividend of $0.05 per share and the special cash dividend of $1.00 per share will be paid on December 28, 2012, to shareholders of record as of the close of business on December 17, 2012.  The dividend yield is 4.85%.

Abaxis, Inc. (NASDAQ: ABAX) , a medical products company manufacturing point-of-care blood analysis systems, today announced that its Board of Directors declared a special cash dividend of $1.00 per share on its outstanding common stock.  The dividend will be payable on December 28, 2012 to all shareholders of record at the close of business on December 17, 2012. The dividend yield is 2.7%.

Einstein Noah Restaurant Group Inc. (NASDAQ: BAGL) said it has completed its strategic review process by recapitalizing the company and issued a special dividend of $4 a share.  The special dividend is payable on Dec. 27 to shareholders of record as of Dec. 17 and will cost the company about $68 million.  The dividend yield is 25.33%.

Geo Group Inc.’s (NYSE: GEO) board has authorized a special per-share dividend of $5.68 will cost GEO about $350 million and will be paid onDec. 31 to shareholders of record on Dec. 12. Shareholders can choose to receive the payment in cash–the amount of which is subject to a lottery–or common stock.  The dividend yield is 19.3%.

P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today announced its Board of Directors has approved a special one-time dividend of$1.00 per share. The dividend is payable on December 28, 2012 to stockholders of record at the close of business on December 17, 2012.  The dividend yield is 10.98%.

HCA Holdings, Inc. (NYSE: HCA) today announced that its Board of Directors has approved a special cash dividend of $2.00 per share to be paid to shareholders of record as of December 17, 2012 with a payment date of December 21, 2012. The dividend yield is 6.02%.

McGraw-Hill Cos.’s (NYSE: MHP) board approved a special dividend of $2.50 a share, to be paid Dec. 27. The special dividend, which will cost the company about $ 694 million, supersedes its previously disclosed plans to repurchase up to $200 million of stock during the remainder of the year.  The dividend yield is 4.61%.

Tree.com, Inc., (NASDAQ: TREE) the parent company of wholly owned subsidiary LendingTree, LLC, today announced that its Board of Directors has approved a special cash dividend of $1.00 per share.  The $1.00 special cash dividend is payable on December 26, 2012 to shareholders of record on December 17, 2012.  The dividend yield is 6.1%.

The Marcus Corporation (NYSE: MCS) announced that its Board of Directors has declared a special cash dividend of $1.00 per common share and has accelerated the next two regular quarterly cash dividend payments totaling $0.17 per common share. The dividends are payable on December 28, 2012 to shareholders of record on December 17, 2012.  The dividend yield is 9.9%.

T. Rowe Price Group, Inc. (NASDAQ: TROW) announced that its Board of Directors has declared a special cash dividend of $1.00 per share payable December 28, 2012 to stockholders of record as of the close of business on December 17, 2012.  The dividend yield is 1.54%.

Heico Corp. (NYSE: HEI), an aircraft parts and repair company, boosted its previously unveiled special dividend by $1, to $2.14 a share–now costing the company about $114 million. The payment has been scheduled around Dec. 31.  The dividend yield is 5.2%.

Capitol Federal Financial, Inc. (NASDAQ: CFFN) announced that its Board of Directors has declared a True Blue® dividend of $0.52 per share on outstanding CFFN common stock.  The cash dividend will be paid on December 28, 2012 to holders of record on December 21, 2012.  With this dividend, the Company will have paid cash dividends of $1.00 per share in calendar year 2012.  The special dividend yield is 4.4%.

Harte-Hanks, Inc. (NYSE: HHS) today reported that its board of directors has declared a cash dividend of 8.5 cents per share payable on December 28, 2012, to the holders of record of shares of common stock of the company at the close of business on December 17, 2012. This dividend is a one-time acceleration of the regular quarterly dividend the company would have ordinarily declared and paid in the first quarter of 2013; the company does not anticipate paying a dividend in the first quarter of 2013.  The special dividend yield is 6.2%.

Diamond Hill Investment Group, Inc.  (NASDAQ: DHIL) announced that its board of directors has approved an $8.00 per share special cash dividend to shareholders of record on December 17, 2012 payable December 21, 2012.  The company will finalize tax characterization of the dividend in February 2013 and expects a portion will be return of capital.  The special dividend yield is 10.3%.

Dick’s Sporting Goods Inc.’s (NYSE: DKS) board approved a special dividend of $2 a share for the company’s common stock and Class B shares, in addition to its previously announced regular quarterly dividend. Both payouts to shareholders are set for Dec. 28. The retailer’s special dividend is expected to cost a combined $245.3 million.  The special dividend yield is 3.9%.

The ProAssurance Corporation (NYSE: PRA) Board of Directors has authorized a 2-for-1 stock split. Following the split, shareholders will also receive a special dividend of $2.50 per common share and a regular dividend of $0.25 per common share.  The special and regular dividend yield is 2.96%.

ePlus inc. (NASDAQ: PLUS) , a leading provider of technology solutions, announced that on December 4, 2012, its Board of Directors declared a special cash dividend on ePlus common stock of $2.50 per share. The special dividend will be paid on or around December 26, 2012, to shareholders of record as of the close of business on December 17, 2012.  The special dividend yield is 6.3%.

RCM Technologies, Inc. (NASDAQ: RCMT) announced that its Board of Directors declared a one-time special cash dividend (the “Dividend”) of $1.00 per share, payable on December 27, 2012 to stockholders of record at the close of business on December 20, 2012.  The special dividend yield is 17.5%.

The Special Dividend Craze Continues

Electro Scientific Industries (NASDAQ: ESIO) declared a special dividend of $2.00 per share.  The dividend will be payable on December 27, 2012, to stockholders of record on December 13, 2012.  The annual yield on the dividend is 19.1 percent.

PetMed Express, Inc. (NASDAQ: PETS) declared a special dividend of $1.00 per share.  The dividend will be payable on December 24, 2012, to stockholders of record on December 14, 2012.  The annual yield on the dividend is 8.7 percent.

Campbell Soup (NYSE: CPB) declared a quarterly dividend of $0.29 per share, or $1.16 annualized.  The dividend will be payable on December 28, 2012, to stockholders of record on December 14, 2012, with an ex-dividend date of December 12, 2012.  The annual yield on the dividend is 3.2 percent.  Additionally, Campbell said that a quarterly dividend of $0.29 per share is now payable on Dec. 28, 2012 to shareholders of record at the close of business on Dec. 14, 2012. The dividend was previously scheduled to be paid on Jan. 28, 2013 to shareholders of record at the close of business on Dec. 26, 2012.

Oracle Corp (NASDAQ: ORCL) declared a special dividend of $0.18 per share after accelerating its Q2, Q3, Q4 dividend for fiscal 2013 ahead of the fiscal cliff.  The dividend will be payable on December 21, 2012, to stockholders of record on December 14, 2012, with an ex-dividend date of December 12, 2012. The annual yield on the dividend is 0.6 percent.

Carnival Corp. (NYSE: CCL) declared a special dividend of $0.50 per share.  The dividend will be payable on December 28, 2012, to stockholders of record on December 7, 2012.  The annual yield on the dividend is 1.3 percent.  Holders of Carnival Corporation common stock or Carnival plc ADSs will receive a dividend payable in U.S. dollars. The quarterly dividend for Carnival plc ordinary shares will be payable in sterling unless shareholders elected to receive the dividend in U.S. dollars by November 23, 2012. The special dividend for Carnival plc ordinary shares will be payable in sterling unless shareholders elect to receive the dividend in U.S. dollars by December 7, 2012.

Sun Hydraulics, Inc. (NASDAQ: SNHY) declared a special dividend of $1.00 per share.  The dividend will be payable on December 28, 2012, to stockholders of record on December 14, 2012.  The annual yield on the dividend is 3.8 percent.

Espey Manufacturing & Electronics Corp. (NYSE: ESP) declared a special dividend of $1.00 per share.  The dividend will be payable on December 20, 2012, to stockholders of record on December 10, 2012.  The annual yield on the dividend is 3.8 percent.  Espey Manufacturing also declared a quarterly dividend of $0.25 per share, or $1 annualized. This is an 11.1% increase from the prior dividend of $0.225. The dividend will be payable on December 20, 2012, to stockholders of record on December 10, 2012, with an ex-dividend date of December 6, 2012.

Subscribe for FREE Trades

Subscribe for FREE Trades

* indicates required
/ ( mm / dd )
Archives