Everybody loves getting a present, be it an expected or unexpected one, and we are certainly in the present-giving time of year. For investors, the unexpected present could be a surge in the share price of one of their holdings, a larger-than-expected dividend increase or, in some very special instances, a special dividend.
Special dividends are dividends paid to shareholders that are outside the usual quarterly dividend payment, and as its name suggests, they are not expected recurring payments. That said, there are some companies that tend to pay special dividends to shareholders on a frequent basis. Very recently one of those companies not only declared its latest special dividend but also announced a 20% increase in its quarterly dividend.
That company is… Read more here