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 ?
50 per share and an extraordinary dividend of SEK1.
7 million extraordinary dividend and dividend equivalent and for the potential repurchase of company common stock at any time no later than December 31.
shares' to stockholders in the next two years in the form of extraordinary dividend, share buyback or distribution of shares in Total.
Exor claims that the proposed extraordinary dividend will reduce PartnerRe's capital by more than USD 550m and significantly weaken PartnerRe's financial strength at a point when both PartnerRe and Axis have been placed under review with negative implications by A.
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.
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.
The bank added that it was aiming for a EUR1bn dividend distribution over the full period of the plan, which may include an extraordinary dividend payment.
25 March 2011 - Portuguese bank Banif (ELI:BNF) said today it will return to its stockholders in the form of extraordinary dividend the EUR28.
The CEZ source said, 'We expect that there would have to be a general meeting in September or October and at that time (shareholders) could approve an extraordinary dividend in the range of CKZ20 to CZK30 per share.
In addition the board has recommended an extraordinary dividend of SEK2.

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