The post Five ‘Special Dividend’ Stocks Yielding Up To 11.3% appeared on BitcoinEthereumNews.com.

Hands counting us dollars with calculator and digital tablet getty Quarterly dividends. Getting paid every 90 days. Ninety. Who wants to wait that long? That’s life as a vanilla income investor. These poor folks (literally!) have no idea about “special dividend” stocks. These are companies that pay each shareholder hundreds, thousands, even tens of thousands of dollars a year more than expected. The payments often come around the holidays. Think of them as year-end bonuses. Beats a subscription to the jelly-of-the-month club! These special dividends can make a big retirement difference. I’m talking about a 1.3% “headline yield” that actually adds up to 6%, and a 4% print that really totals 11% per year. Mainstream websites, for whatever reason, are not smart enough to track special dividends. These one-time payouts trip up the machines, which assume they are going to be “one and done.” But often, specials keep coming. Here’s why. Special Dividend #1: Sharing Profit Windfalls Just a week or so ago, Cleveland-based aerospace manufacturing firm TransDigm Group (TDG) announced a blowout Q4 and full year. Fiscal-year profits were up 50%. Revenues improved by more than 20%. And that prompted TDG to announce a $35-per-share special dividend. Sure, at nearly $1,000 a share, that only comes out to a 3.5% yield—but given that TDG typically pays no dividends whatsoever, Wall Street had plenty to be excited about. Special Dividend #2: We Sold Something for a Lot of Money! Another pretty common reason to announce a special dividend is a one-time influx of cash earned from either selling off part of the company or unloading most or all of a large stake in another firm. Back in February 2023, Ford (F) said it would pay a 65-cent-per-share special dividend (a nearly 6% yield on today’s prices!) after selling most of…

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Filed under: News - @ November 20, 2023 8:20 pm