Who's Going To Give A Special Dividend Next?

December 31 is less than 50 days away. That day all sorts of tax goodies are set to go away. Unless Congress acts, the dividend tax-advantaged 15% rate ends. Come January 1, dividends will be considered ordinary income and be taxed according to your personal tax bracket. With that in mind, last January, I selected seven companies likely to give large special dividends. The list - Armstrong World (AWI), Buckle (BKE), Limited Brands (LTD), MTOX Scientific (MTOX), Stamps.com (STMP), Werner Enterprises (WERN), and Wynn Resorts (WYNN) - is quickly getting smaller. So far, all of them have announced large special dividends except for Stamps.com (and MTOX Scientific which was taken over early this year at a premium). To get on the list, a company had to fill two key criteria: Insiders had to hold a high share percentage and the company had to have given a special dividend in 2010,... Read more