In announcing the disposal program, Pangilinan made clear no special dividends would be declared from the asset sales.
Most companies use share buybacks or pay special dividends on their common stock to return excess cash to shareholders.
For individual investors holding these stocks (or those of companies issuing special dividends), reported gross income for 2012 will rise.
The announcements from HCA and DISH mirror recent special dividends planned by Las Vegas Sands, Wynn Resorts and Costco.
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Ford spent half of it in just four quarters on stock buybacks, special dividends and acquisitions, and quickly found itself in a cash crunch.
These companies are cherished as special situations waiting to happen: They might repurchase shares, implement or increase regular dividends, declare special dividends or even become buyout targets.
While the number of special dividends has increased, fears that higher tax rates will fundamentally change how companies will deploy capital to shareholders still appear to be overblown.
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More importantly in our mind, Freeport is a company that has tremendous free cash flow and has been very active in rewarding shareholders through special dividends in addition to a regular dividend.
Several companies have incurred in buybacks and special dividends over the past few weeks in order to return money to shareholders ahead of a possible tax hike connected to the fiscal cliff.
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In 2012, many companies globally shied away from deal making, opting instead to focus on strengthening their balance sheets and returning capital to shareholders in the form of special dividends and stock buybacks.
When we spoke in October he predicted the swell of special dividends and sped-up payouts that have been announced since Election Day, but he does not see the long-term capital return strategy of companies changing.
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In conclusion, as you look this week for the last stocks that may pay special dividends, keep the criteria discussed earlier in mind, and consider purchasing a call spread that allows you to exercise one side and collect the dividend or make money on an up move, yet is defined in risk to the downside.
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Cigarette companies count with a special weapon: juicy dividends.
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This is the reason why the Bush tax cuts brought in the special 15% rate for dividends: to reduce the impact of that double taxation.
Liggett Group, for a long time controlled by financier Bennett LeBow, has pumped out half a billion dollars in dividends thanks to special, lower rates it pays under the settlement.
REITs are big customers of investment banks because they are required to pay at least 90% of their income as dividends to maintain their special tax status.
On top of that, the Simpson Bowles plan calls for the tax code to be overhauled, with tax rates reduced and almost all tax breaks (including the special low rate for capital gains and dividends) eliminated or curbed.
The new special report, 10 Growth Stocks With Fat Dividends, includes stocks with yields of up to 8%.
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Still, Rangel says he won't attempt to roll back the temporary tax breaks already in the law, including the special top 15% rate for capital gains and dividends.
The consequences are an extraordinarily large number of special dividend declarations, the early payment of typical first-quarter dividends, and the future adverse impact on dividend growth rates for certain companies.
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