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 …
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 …
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. …
mREIT Update – High Yield and a Special Dividend Read More »
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 …
Dillard’s, Inc. (NYSE: DDS) announced that the Board of Directors declared a regular, quarterly cash dividend of$0.05 per share as well as a special, one-time cash dividend of $5.00 per share. Both dividends are payable on the Class A and Class B Common Stock of the Company on December 21, 2012 to shareholders of record as of December 7, 2012. …
Given the potential significant increases in tax rates on dividends beginning next year, and their strong levels of capital, it is an opportune time for many companies to provide special dividend distributions to their shareholders before the end of the year. While most companies are sitting on higher levels of cash than in years past, …
List of 8 Special Dividend Offers Before Year End Tax Changes Read More »
Wynn Resorts (WYNN) announced today that the Company has approved an $8.00 cash dividend, which includes the $0.50 per common share quarterly dividend. This dividend will be payable on November 20, 2012, to stockholders of record on November 7, 2012 and the stock will begin to trade ex-dividend on November 5, 2012. Wynn has a current dividend yield of 1.79%. The $8.00 special …
HCA Holdings, Inc. (HCA) announced today that it intends, subject to applicable legal and contractual restrictions, to declare and pay a special cash dividend of $2.50 per share to stockholders during the fourth quarter of 2012. With the stock trading at $31.88, the special dividend will be a 7.85% dividend yield. HCA anticipates revenues for the third …
2 More Special Dividend Offerings from Bullish Companies Read More »
Iron Mountain (IRM) announced that it will give shareholders a special dividend of $700 million, or about$4.07 a share, in connection with its plan to convert to a real-estate investment trust. This is a 11.7% dividend yield. The dividend is an initial distribution that satisfies a requirement that Iron Mountain pay shareholders its accumulated earnings and profits …
Inteliquent (NASDAQ: IQNT), a leading provider of global interconnection and interoperability solutions, today announced that its Board of Directors has declared a special one-time cash dividend of $3.00 per share, or approximately $97 million in the aggregate. The dividend will be funded with available cash on hand. The payment date for the special one-time cash dividend is October 30, 2012. At $3.00 per …
