TL carriers had a history of paying special dividends
when the top-end of the capital gains tax rate was 15 percent between the years of 2004 and 2012.
'The authorization of a special dividend
higher than the range that we had initially estimated is an important step in implementing the strategic plan that we announced on May 30, 2019 and reflects our success in restructuring the Company and the recent closing of the sale of certain programs to 14ner Oncology, Inc.,' said Gary Crocker, Chairman of Merrimack's Board of Directors.
Tuesday's deal absorbs more surplus capital, Jefferies added, and this could potentially reduce Compass's special dividend
The special dividend
will be payable on March 18, 2019, to its shareholders of record as of February 15, 2019.
Including the dividends declared today, ProAssurance will have returned approximately $2.1 billion to shareholders in the past eleven years through a combination of share repurchases and regular and special dividends
. During that time we have also successfully deployed approximately $750 million in strategic acquisitions to position the company for the future.
'Given PETRONAS' strong fundamentals and liquidity position that is driven by the transformation efforts in the last few years in the areas of operational efficiency, cost reduction and portfolio optimisation, and supported by improved oil prices, the company is confident that the special dividend
payment will not in any way impede our ability to service debts, fund our ongoing operations and invest in future growth,' it said.
The company had earlier distributed a special dividend
of 42 fils per share in January, amounting to Dh3 billion.
The special dividend
will be paid from existing cash.
Platinum said that the special dividend
is conditioned on the merger having been approved by the shareholders of Platinum at a special meeting of its shareholders on February 27, 2015 (or any adjournment or postponement thereof).
Mike Fifer, Ruger CEO, said the special dividend
was based on the company's ability to fund its high-rate growth and its quarterly dividend, while growing cash reserves at a modest rate.
CEO Johan Mehlum said the bank's board decided to pay the special dividend
of 20 cents per share to common shareholders and 21 cents to preferred shareholders because of the bank's strong financial position and consistent earnings.
Costco Wholesale Corporation (Nasdaq: COST), the warehouse merchant, became the latest firm to declare a special dividend
. The Issaquah, Washington-based retailer on Wednesday declared a special $3 billion payout.