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Most Stock Screens Miss These High-Yield Dividends (Up To 16.%)
COSTCostco(COST) forbes.com·2024-05-26 13:51

Core Viewpoint - Special dividends are often overlooked by mainstream financial websites, presenting unique investment opportunities for income-seeking investors [1] Group 1: Special Dividend Examples - HSBC Holdings announced a special dividend of 0.21persharelinkedtoa0.21 per share linked to a 4.9 billion gain from the sale of HSBC Bank Canada [2] - Costco declared a special dividend of 15pershare,drivenbyacashreserveof15 per share, driven by a cash reserve of 17 billion, providing an additional 2% annual yield [3] - Companies with cyclical earnings may adopt a hybrid dividend strategy, maintaining regular dividends while supplementing with special dividends as profits allow [4] Group 2: Company-Specific Dividend Yields - Dillard's has a regular dividend yield of 0.2%, but with special dividends, the yield increases to 4.6%, including 15persharein2021and2023,and15 per share in 2021 and 2023, and 20 in 2024 [6][7] - National Presto Industries has a regular dividend yield of 1.3%, but with special dividends, the yield rises to 5.6%, typically distributing specials in March [8] - Haverty Furniture offers a regular dividend yield of 4.3%, with special dividends bringing the total yield to 7.7%, maintaining a tradition of special payouts since 1935 [9][10] - CVR Energy has a regular dividend yield of 6.9%, but with special dividends, the yield can reach 15.5%, reflecting a responsible dividend program [11][12] - BlackRock TCP Capital Corp. has a listed dividend yield of 12.7%, which increases to 15.9% with special dividends, following a merger that reduced management fees [13]