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 ?
($265 million in assets, 28,113 members), which paid out $1 million in bonus dividends on Dec.
Sumter, SC, January 14, 2018 --(PR.com)-- Members of SAFE Federal Credit Union received annual bonus dividends and interest rebates on December 31 totaling more than $1 million, based on their account usage.
"Since the end of the Flat season in November, we have paid out more than pounds 875,000 in win fund payments and over pounds 756,000 in bonus dividends. If you include place payments, that comes to more than pounds 2 million in Scoop6 cash.
Bonus dividends equal to the real GDP growth rate of the preceding year, provided it is above zero, will be also be declared annually.
For example, Ascend Federal Credit Union ($2.1 billion in assets, 177,051 members) sent $5 million in bonus dividends and loan interest refunds to members this month.
Comins said: "Analysis of our top ten shops shows that on average they contribute 15 per cent of the pool but reap only six per cent of all win, place and bonus dividends. This suggests that it is the bigger players who are boosting the pool so that the smaller players can win more.
I see more and more credit unions paying member bonus dividends, efforts like that will show our difference.
Scoop6 is linked to six televised races each Saturday and, for a minimum pounds 2 stake, the bet offers win, place and bonus dividends. It was launched with hopes of substantial rollovers and a pounds 1 million Lottery-style payout.
"Also, Maryland credit unions have a history of being extremely competitive with loan and savings rates, with some providing extraordinary dividend payments, or bonus dividends, to their member owners which contributes to a lower net interest margin," he said.
The 99,500 members of the $1.2 billion MECU of Baltimore have received bonus dividends and loan interest rebates totaling more than $2 million.
Meanwhile, the $728 million SAFE Federal Credit Union of Sumter, S.C., announced it returned a total of $2 million in bonus dividends and loan interest rebates on Dec.
Aside from favorable rates, free checks and no minimum balance, other champion benefits include bonus dividends based on minimum balances; CD rate bonuses, free bill pay, online banking, e-statements and free special-image Visa check cards that reflect each profession.