Archive for November, 2006

SKS ex-dividend on 12/1 (22%, special)

Wednesday, November 22nd, 2006

Luxury retailer Saks will pay a special dividend of $4.00 on November 30 to holders as of Friday, December 1. The money comes in part from the proceeds of a $285 million sale of its Parisian stores, a deal that closed Oct. 2. The number of companies making special dividends so far this year is […]

AMC ex-dividend on 11/28 (8%, special)

Tuesday, November 21st, 2006

American Mortgage Acceptance Company, a REIT, will pay a special dividend of $1.40 on January 15 to holders as of Tuesday, November 28. The purpose of the special dividend is to distribute the gain from the sale of the company’s interest in ARCap Investors LLC, and income from a special distribution received from ARCap. This […]

DOM ex-dividend on 11/27 (2.2%)

Tuesday, November 21st, 2006

Dominion Resources Black Warrior Trust, a natural gas trust, will pay a regular quarterly dividend of $0.69 on December 8 to holders as of Monday, November 27. That’s 2.2% of the share price of $30.970, or a 9% annual yield

SOR ex-dividend on 11/21 (2.5%, special)

Wednesday, November 15th, 2006

Investment company Source Capital will pay a special dividend of $1.74 on December 15 to holders as of Tuesday, November 21. The dividend will be taxed in part as earning dividend, and in part as return of capital dividend. This includes a regular quarterly distribution of $1 a share and a special year-end distribution of […]

CUZ ex-dividend on 11/21 (10%, special)

Wednesday, November 15th, 2006

Cousins Properties, a commercial REIT, will pay a special dividend of $3.40 on December 1 to holders as of Tuesday, November 21. That’s about a 10% one-time yield. CUZ will also pay a regular quarterly cash dividend of $0.37 per share ex-dividend on 11/29.

RWT ex-dividend on 11/22 (5%, special)

Tuesday, November 14th, 2006

Redwood Trust, a financial REIT, will pay a special dividend of $3.00 on December 8 if you own the stock at market opening on Wednesday, November 22. That’s 5.2% of the share price of $58.240. Redwood’s 2006 dividends will be mostly taxed as earning dividend, with the balance as return of capital dividend. The company […]

WYNN ex-dividend on 11/20 (9%, special)

Tuesday, November 14th, 2006

Casino operator Wynn Resorts will pay a dividend of $6.00 on December 4 to holders as of Monday, November 20. The company’s shares have risen more than 59 percent this year, as investors warm to the potential of the booming gambling market in Macau. A bullish article in Barron’s says the stock still has plenty […]

HCM ex-dividend on 11/20 (2.6%)

Monday, November 13th, 2006

Hanover Capital Mortgage Holdings, a mortgage REIT, will pay a regular quarterly dividend of $0.15 on December 8 to holders as of Monday, November 20. That’s 2.6% of the share price of $5.850, or a 10% annual yield. Watch out for the small float. Not a wealthy stock. Negative cash flow, a quarterly dividend down […]

DSX ex-dividend on 11/20 (2.6%)

Sunday, November 12th, 2006

Diana Shipping, a dry bulk transporter, will pay a regular quarterly dividend of $0.40 on November 30 to holders as of Monday, November 20 (taxed as earning dividend). That’s 2.6% of the share price of $15.600, or a 10% annual yield. Shipping rates have been highly volatile in the last few years, but tanker rates […]

BN ex-dividend on 11/22 (31%, special)

Saturday, November 11th, 2006

Banta will pay a special dividend of $16.00 on November 21 to holders as of Wednesday, November 22. That’s 30.8% of the share price of $51.950. The company is being acquired for $52.50 (before special dividend) by RR Donnelly, so not much of a dividend play here. This dividend is in addition to the Company’s […]

GSTL ex-dividend on 11/14 (2.3%)

Saturday, November 11th, 2006

Genco Shipping and Trading will pay a regular quarterly dividend of $0.60 on November 30 to holders as of Tuesday, November 14. That’s 2.3% of the share price of $26.330, or a 9% annual yield. This follows another solid quarter.

ACV ex-dividend on 11/17 (50%+, special)

Friday, November 10th, 2006

Alberto-Culver will pay a dividend of $25.00 on November 20 to holders as of Friday, November 17. That’s abut half the share price of $51. The special dividend replace the regular 13 cent quarterly cash dividend, and is part of the spinoff of Sally Beauty. In addition to the $25-a-share special cash dividend, you’ll receive […]

EMMS ex-dividend on 11/24 (31%, special)

Thursday, November 9th, 2006

Radio broadcaster Emmis Communications will pay a special dividend of $4.00 on November 22 to holders as of Friday, November 24. That’s 30.9% of the share price of $12.940. The dividend, the company’s first ever, was pre-announced months ago. For tax purposes, the dividend will be treated approximately as 35% return of capital and 65% […]

NAT ex-dividend on 11/13 (4%)

Thursday, November 9th, 2006

Nordic American Tanker will pay a regular quarterly dividend of $1.32 on November 28 to holders as of Monday, November 13. That’s 3.8% of the share price of $34.870, or a 15% annual yield. Stellar 3rd quarter, fleet nearly at 100 percent utilization rate, added 3 new ships to 14 vessels, dividend more than doubled […]

SFF ex-dividend on 11/13 (3%)

Wednesday, November 8th, 2006

Santa Fe Energy Trust, an Oil and Gas investment trust, will pay a regular quarterly dividend of $0.96 on November 30 to holders as of Monday, November 13. That’s 3.1% of the share price of $31.150, or a 12% annual yield. The Trust will Be liquidated on or before February 15, 2008.