Special dividends
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.
2024 Special Dividend Announcements
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.