Special dividend
From Wikipedia, the free encyclopedia
A special dividend is a payment made by a company to its shareholders that is separate from the typical recurring dividend cycle, if any, for the company. The difference may be the result of the date of issue, the amount, the type of payment, or a combination of these factors.
A prominent example of a special dividend was the $3 dividend announced by Microsoft in 2004 to partially relieve its balance sheet of a large cash balance.[1]
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[edit] Footnotes
- ^ Microsoft Outlines Quarterly Dividend, Four-Year Stock Buyback Plan, And Special Dividend to Shareholders. PressPass - Information for Journalists. Microsoft (July 24, 2005). Retrieved on 2006-11-09.
