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A Special Dividend with a 43% Yield

93 views  2012-03-02 13:29   Tagsspecial  high  yield  dividend  income  investing 

Clear Channel Outdoor Holdings, Inc (CCO) announced that its board of directors declared a special cash dividend of $2,167 million (or approximately $6.08 per share, based on shares outstanding at the close of business on February 28, 2012), which will be paid on March 15, 2012 to Class A and Class B stockholders of record at the close of business on March 12, 2012, subject only to the closing of the offering of the Notes. CCO is trading at $14.00 making the $6.08 special dividend a 43% yield.

special dividend information

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