This new page displays all recent special dividend announcements for US-listed stocks. Companies recognized as "Dividend Heroes" are specially highlighted. Below you will find the announcement date, company name, the amount that will be paid and, if available, the ex-date for the next special dividend payment.
If you are looking for more recent special dividend announcements please check dividendtrackrecords.com for daily news updates.
2024 Special Dividend Announcements
November 13, 2024: Amkor Technology (AMKR) | $0.40546 per share
November 12, 2024: Investors Title Co (ITIC) | $14.00 per share
November 12, 2024: Outfront Media (OUT) | $0.75 per share
November 7, 2024: International Seaways (INSW) | $1.20 per share (4th special YTD)
November 7, 2024: RLI Corp (RLI) | $4.00 per share (and 49 yrs of increases)
November 7, 2024: OTC Markets Group | $1.50 per share (annual special)
November 6, 2024: Chord Energy (CHRD) | $0.19 per share
November 6, 2024: American Financial Group (AFG) | $4.00 special dividend (2nd YTD) - AFG is a DIVIDEND HERO
November 5, 2024: Weyco Group (WEYS) | $2.00 per share special dividend
September 13, 2024: EVI Industries (EVI) | $0.31 per share
September 5, 2024: UTZ Brands (UTZ) | $0.011 per share (ex-date September 16)
August 7, 2024: NL Industries (NL) | $0.43 per share (ex-date August 19)
August 6, 2024: CompX International (CIX) | $2.00 per share (ex-date August 19)
August 6, 2024: Diamondback Energy (FANG) | $1.44 per share (ex-date August 15)
August 6, 2024: Main Street Capital (MAIN) | $0.30 per share (ex-date Sept 20)
August 6, 2024: International Seaways (INSW) | $1.38 per share (ex-date Sept 11)
August 1, 2024: Boise Cascade (BCC) | $5.00 per share (ex-date September 3)
Why do companies pay special dividends?
Companies issue special dividends for several reasons:
Excess Cash: They might have surplus cash that isn't needed for immediate business operations or investments, allowing them to return value to shareholders.
One-time Gains: They could have received significant one-time profits, such as from selling a major asset, which they decide to distribute.
Reward Shareholders: To reward loyal shareholders, especially in times of strong financial performance.
Optimizing Capital Structure: To adjust their capital structure by returning excess equity to shareholders.
Signaling Financial Health: To signal confidence in their financial health and future cash flows to investors.
Special dividends are often seen as a positive indication of a company’s robust financial position and commitment to shareholder value.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.