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 ?
AGIT's income account by six special dividends paid by portfolio
Accounting principles generally accepted in the United States (GAAP) require that all reported per share data, for current and prior periods, be adjusted to reflect the issuance of the shares in connection with these special dividends as if such shares had been issued at the beginning of the earliest period presented.
In addition, Biovail may approve the payment of future special dividends, subject to the continuation of positive business trends and at the discretion of the Board.
With that said, the likelihood of any additional special dividends cannot be predicted at this time.
From time to time in the future, special dividends may be distributed in order to remain in compliance with REIT requirements.
We want to stress that special dividends should not be relied upon going forward.
Rooney, President and Chief Executive Officer, stated that "The special dividends are a result of our on-going commitment to enhancing shareholder value.
Our Board of Directors reviews a variety of factors, including REIT taxable income for the full tax year, when considering the authorization of special dividends.
three years of 125p each, giving total special dividends per share of
As required by the NASD rules governing special dividends of this magnitude, the ex-dividend date will be set one business day following the payment date.
It is the Company's intention to continue to pay regular quarterly dividends and to determine the appropriateness of special dividends based upon the Company's relative performance in the future.
President and Chief Executive Officer of the Bank, stated "In the last six years, regular and special dividends declared have increased each year, from a total of $0.

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