special dividend

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Special dividend

Also referred to as an extra dividend. Dividend that is unlikely to be repeated.

Special Dividend

A non-recurring dividend that a company may choose to distribute to shareholders after a particularly profitable period. A company may also choose to distribute special dividends if it wishes to restructure its financing from equity-based to debt-based. In general, however, one may think of a special dividend as a "bonus" for shareholders in good times. It is also called an extra dividend or a bonus dividend.

special dividend

References in periodicals archive ?
In light of these different rules, corporate recipients of extraordinary dividends that are contemplating a distribution out of E&P should review their E&P calculations to ensure that they have sufficient E&P to fund the distribution.
The deal, subject to approvals, will be closed for a price of $490 million net with a probable distribution of extraordinary dividends of $140 million.
Over the last 13 years, CEFCU has returned $63 million in extraordinary dividends to members.
Together with the Eesti Telekom shares from the Development Fund, the state would get just over 4 billion kroons from the sale, extraordinary dividends and income tax on dividends.
The magnitude of the distribution -- which was more than $18 a share -- raised concerns regarding the amount taxable as ordinary income, the potential reduction of a holder's basis in Precision Drilling trust units received, and whether special tax rules applicable to extraordinary dividends applied.
Efforts taken to promote a positive work climate can pay extraordinary dividends.
Primerica Life cannot currently declare additional extraordinary dividends without prior regulatory approval.
Ru's previous sale of Facebook shares (in 1H12) resulted in the payment of extraordinary dividends.
They're loan interest rebates and extraordinary dividends based on interest paid and interest earned on loans and deposits.
Extraordinary dividends and stock redemptions are the portion of the combined total of dividends declared and stock redemptions paid during the plan year that exceeds the greater of either the employer's adjusted net income (without regard to interest, taxes, depreciation, and amortization expenses) in the preceding plan year or dividends declared in the plan year (if the employer has declared dividends in the same manner for the immediately preceding five consecutive years).
9x in 1997 and PMI could request extraordinary dividends beyond the statutory restriction, if necessary.

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