Dong Energy (CPH:DENERG), an energy group in Northern Europe, reported on Tuesday that SEAS-NVE Holding A/S has decided to distribute all shares in DONG Energy, owned by SEAS-NVE Holding A/S, as extraordinary dividends
to SEAS-NVE A.
In light of these different rules, corporate recipients of extraordinary dividends
that are contemplating a distribution out of E&P should review their E&P calculations to ensure that they have sufficient E&P to fund the distribution.
The deal, subject to approvals, will be closed for a price of $490 million net with a probable distribution of extraordinary dividends
of $140 million.
Over the last 13 years, CEFCU has returned $63 million in extraordinary dividends
If we assume that twothirds of the proceeds of KCELL's sale are distributed as extraordinary dividends
, the common shares' dividend yield could reach about 50% (KZT12,000).
Together with the Eesti Telekom shares from the Development Fund, the state would get just over 4 billion kroons from the sale, extraordinary dividends
and income tax on dividends.
Efforts taken to promote a positive work climate can pay extraordinary dividends
For example, only extraordinary dividends
(dividends in excess of average repatriations in recent years) are eligible.
This slight fall is mainly due to reduced financial income, which was increased during 1998 by extraordinary dividends
The planned sale of financial assets can in addition lead to extraordinary dividends
They're loan interest rebates and extraordinary dividends
based on interest paid and interest earned on loans and deposits.