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 ?
The Extraordinary General Meeting resolved, in accordance with the Board's proposal, on an extraordinary dividend of SEK 6.00 per share.
M2 EQUITYBITES-July 1, 2019-Tele2 announces closure of equity share sale in Kazakhstan JV; Proposes an extraordinary dividend
Global Banking News-July 1, 2019-Tele2 announces closure of equity share sale in Kazakhstan JV; Proposes an extraordinary dividend
NORDIC BUSINESS REPORT-July 1, 2019-Tele2 announces closure of equity share sale in Kazakhstan JV; Proposes an extraordinary dividend
Adjustment of Conversion Price pursuant to the relevant Condition 5.2.4 of the terms and conditions of the Bonds due to the distribution of an Extraordinary Dividend (as defined in such Condition 5.2.4) resulting from payment of a dividend of 16 per Share (aggregate in respect of the fiscal year ended March 31, 2019).
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.
As previously disclosed, the company amended its debt agreements to permit $150 million to be used for the July 13 payment of a $100.7 million extraordinary dividend and dividend equivalent and for the potential repurchase of company common stock at any time no later than December 31.
As previously disclosed, the company amended its debt agreements to permit an $150 million to be used for the July 13 payment of a $100.7 million extraordinary dividend and dividend equivalent and for the potential repurchase of company common stock at any time no later than December 31.
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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