special dividend

(redirected from Extraordinary Dividend)

Special dividend

Also referred to as an extra dividend. Dividend that is unlikely to be repeated.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

special dividend

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The Extraordinary General Meeting resolved, in accordance with the Board's proposal, on an extraordinary dividend of SEK 6.00 per share.
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HONOLULU, Hawaii -- Although some positive changes have been made to the National Association of Insurance Commissioners (NAIC) extraordinary dividend provisions in the Model Holding Company Regulation, problems still exist, according to the Alliance of American Insurers.
The downgrade reflects Fitch's expectations of a substantial increase in leverage following the extraordinary dividend payment of EUR220 million last week and our expectations of Redexis' higher tolerance for leverage thereafter, which is no longer commensurate with a 'BBB-' rating.
In addition, buy-back of own shares and/or extraordinary dividend pay-outs will be evaluated on a case-by-case basis.
In addition, the company's board of directors will propose that the upcoming AGM on 3 May 2017 approve a dividend according to policy of SEK3.16 per share and an extraordinary dividend of SEK4.34 per share, amounting to a total dividend of SEK7.50.
This final exchange parity factors in an extraordinary dividend of EUR 0.45 for each MPI share with dividend rights.

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