November 27, 2012 at 17:38 PM EST
Department Store Dillard's Unveils Special Dividend
With the tax rate on dividends possibly rising in 2013, many companies are announcing special dividends to spare shareholders from an increased tax burden. Department store operator Dillard's (DDS) announced a special dividend late Monday of $5 a share. "This special, one-time dividend of $5 per share reflects our strong financial position and underscores our confidence in Dillard's," said Chief Executive William Dillard II in a press release. The
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