Content about Special dividend

December 6, 2012

Dick’s Sporting goods will pay $2 special dividend before year end in a move to help investors avoid what are presumed to be higher dividend tax rates in 2013 and beyond.

New York -- Dick’s Sporting goods will pay $2 special dividend before year end in a move to help investors avoid what are presumed to be higher dividend tax rates in 2013 and beyond.

The dividend payment will be made from cash on hand, according to the company.

November 28, 2012

Costco Wholesale Corp. said it will pay a special dividend worth some $3.0 billion to investors, sending cash to its shareholders ahead of a likely increase in the dividend tax.

Issaquah, Wash. -- Costco Wholesale Corp. on Wednesday said it will pay a special dividend worth some $3.0 billion to investors, sending cash to its shareholders ahead of a likely increase in the dividend tax. The chain also posted monthly same-store sales that beat analysts' expectations.

“Our strong balance sheet and favorable access to the credit markets allow us to provide shareholders with this dividend,” Costco CFO Richard Galanti said in a statement.

November 19, 2012

Wal-Mart is changing the date that its fourth-quarter dividend will be paid.

Bentonville, Ark. -- Wal-Mart is changing the date that its fourth-quarter dividend will be paid. The company said that the quarterly dividend of 39.75 cents per share will now be paid on Dec. 27 instead of on Jan. 2, 2013. The dividend will still be paid to shareholders of record on Dec. 7.

According to a report by the Associated Press, Wal-Mart may be taking the action to avoid a higher tax rate on the dividend if there's no agreement on the fiscal cliff.

 

September 12, 2012

American Eagle Outfitters Inc. said that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.

Pittsburgh -- American Eagle Outfitters Inc. said Wednesday that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.

The retailer said the total cash dividend of $1.61 will be paid on Oct. 10 to shareholders of record as of Sept. 26.

American Eagle said the dividends are part of its cash strategy to invest in the company, while still returning profits to its shareholders.