special dividend

(redirected from Extraordinary Dividend)

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 ?
1059 requires a corporate shareholder to reduce the stock basis of its subsidiary when it receives an extraordinary dividend from the subsidiary within the first two years of owning the subsidiary's stock.
In 2012, the Company incurred costs associated with the extraordinary dividend paid in December 2012.
VimpelCom: If VimpelCom spends all of the proceeds from the conversion of Altimo's prefs into ordinary shares on an extraordinary dividend (a payment was proposed in its FY12 report), the distribution could reach $0.
89% of net income as extraordinary dividend, which means that the ordinary dividend amounts to $255 per share and an extraordinary dividend $36 per share, amounting a total dividend of $291 per share.
announced that a record extraordinary dividend of $9 million has been distributed to CEFCU members.
Another proposal is that the board of directors be authorised to pay extraordinary dividend during the financial year.
Ruling out the inclusion of an extraordinary dividend payment, the lender said that its 2011-2015 targets remain unchanged, with the exception of its 2013 core tier-one and its total capital ratios now expected to be 8.
13 per share as extraordinary dividend (share capital return).
04 peso extraordinary dividend, which will be paid in one installment starting on May 13, the company said in a statement filed with the stock exchange.
The company will pay an annual dividend of 6 yen per share for the just-ended year, including an interim dividend of 2 yen and an extraordinary dividend of 2 yen.
Stock in the pounds 42 billion group, which employs 500 people at its UK operations in Burton-upon-Trent, Staffordshire, defied a sell off in the rest of the Italian market as buyers placed last minute bets on an extraordinary dividend to split up pounds 2.

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