Special Dividend

Alteva to Pay Special Divy of $2.60 per Share

Special Cash Dividend Alteva announced that its board of directors has authorized and declared a special cash dividend of $2.60 on each outstanding common share. The record date for the special cash dividend is the close of business on June 19, 2015, and the payment date for the special cash dividend is June 30, 2015….

Aware Inc to Pay Large Special Dividend

Aware, Inc., a supplier of biometrics software and services has declared a special cash dividend of $1.75 per share, or approximately $40 million in total.  The special cash dividend will be paid on July 24, 2014 to shareholders of record as of July 10, 2014. The Board of Directors has determined that the company’s current…

TranDigm Group to Pay Special Dividend

TransDigm Group Incorporated has requested amendments to its senior secured credit facilities in connection with considering whether to pay a special dividend. TransDigm Inc. has requested that its senior lenders consent to amendments to its senior secured credit facilities to permit, among other things, a special dividend, to increase its existing senior secured term facility…

G&K Services Paying $6 Special Dividend

(Market Cap $1.1B) G&K Services, Inc. has declared a special cash dividend of $6.00 per share. The dividend will be payable on June 6, 2014 to shareholders of record at the close of business on May 20, 2014. The aggregate amount paid in connection with this special dividend will be approximately $120 million, which will…

Concord Medical to Pay Special Dividend

(Market Cap $256M) Concord Medical Services Holdings Limited, a specialty hospital management solution provider and operator of a network of radiotherapy and diagnostic imaging centers in China and the parent of Chang’an Hospital declared a special cash dividend of $0.24 per ordinary share (or $0.72 per American Depositary Share) on the Company’s outstanding ordinary shares. The total expense for the special…

Gaming & Leisure Paying Special Dividend

Gaming and Leisure Properties, Inc. has declared a special dividend to shareholders in connection with its previously announced intention to qualify as a real estate investment trust (REIT) in 2014 following its separation from Penn National Gaming, Inc. (PENN) on November 1, 2013. The special dividend of $1.05 billion, or approximately $11.85 per share, will…

Anixter Paying Special Dividend

(Market Cap $2.8B) Anixter International Inc.has declared the payment of a special dividend to shareholders of $5 per common share, or a total cash outlay of approximately $165 million. The special dividend is payable on January 2, 2014, to shareholders of record on December 11, 2013.

Saga Comm to Pay Special Dividend

(Market Cap $261M) Saga Communications, Inc. has declared a special cash dividend of $1.80 per share on its Classes A and B Common Stock to be paid on December 12, 2013 to shareholders of record on December 2, 2013.  The aggregate amount of the payment to be made in connection with the special dividend will…

Espey Paying a Special Dividend

(Market cap $78M and EV $62M; stock is trading with a 3.1% div yield) Espey Mfg. & Electronics Corp. has declared a special cash dividend of $1.00 per share. This special dividend is in addition to a regular quarterly dividend of $0.25 per share. The dividends will be payable on December 19, 2013 to all shareholders of…

Viad Corp to Pay Special Dividends

Viad Corp has declared a special cash dividend of $2.50 per share, or approximately $50.8 million in the aggregate. Shareholders of record at the close of business on November 7, 2013 will receive the special cash dividend payable on November 14, 2013. The company expects to continue payment of Viad’s regular dividends, which remain subject…

Gordmans Stores to Pay Special Dividend

(Market Cap $262 million) The Company’s Board of Directors has declared a special cash dividend of $3.60 per share of common stock, payable on September 23, 2013 to shareholders of record on September 9, 2013. The Company will fund the $70 million special dividend through available cash balances and a new $45 million senior term…

Universal American to Pay Special Div BuyBack Stock

(Market Cap $852 million) Special Cash Dividend On August 1, 2013, Universal American’s Board of Directors approved the  payment of a special cash dividend of $1.60 per share, payable on August  19, 2013 to shareholders of record on August 12, 2013. As of August 1,  2013, there were approximately 88.8 million shares of common stock …

MFA Financial to Pay Special Dividend

(Market Cap $2.9 billion) On August 1, 2013, MFA’s Board of Directors declared a special cash dividend of $0.28 per share of common stock. This dividend will be paid on August 30, 2013, to stockholders of record on August 12, 2013. After the special dividend, MFA will have distributed approximately $155 million in dividends in…

Another Special Dividend From PTGi on its Way

(Market Cap $167 million) Primus Telecommunications Group, Incorporated has completed the initial closing of its previously announced sale of its North American retail telecommunications operations in the United States and Canada to affiliates of York Capital Management. The initial transaction generated gross proceeds prior to transaction expenses of $126 million. $15.25 million of the gross…

PMC Commercial to Pay Special Dividend in Merger Transaction

(Market Cap $102 million) PMC Commercial Trust, a REIT that specializes in real estate financing primarily through first lien collateralized loans to small businesses, has entered into a definitive merger agreement with CIM Urban REIT, LLC and subsidiaries of the respective parties.  CIM Urban REIT is a private commercial REIT with Class A commercial real estate assets…