According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, three companies that are due to pay a lump sum dividend over the next few weeks are Cango Inc. CANG, Sixth Street Specialty Lending Inc. TSLX and Natures Sunshine Products Inc. NATR.
Special dividends are nonrecurring cash payments that occur outside of a normal distribution schedule. Such payments are usually larger than normal dividends; additionally, special dividends are typically tied to specific events like exceptionally strong earnings, asset sales, financial structure changes or spinoffs.
Cango
Shanghai-based Cango CANG provides a wide range of automotive transaction services for car dealers, financial institutions and car buyers. The company announced on March 11 that its board of directors declared a $1 special dividend per American depository share payable on April 8 to shareholders on record as of March 22.
GuruFocus ranks Cango's financial strength 6 out of 10: The company has a strong Altman Z-score of 3.39 and triple-digit interest coverage even though debt ratios are underperforming more than half of global competitors.
Sixth Street Specialty Lending
Sixth Street Specialty Lending TSLX provides flexible, fully committed financing solutions to middle-market companies in the U.S. The San Francisco-based finance company announced on Feb. 17 that it declared several dividend payments, including a $1.25 special dividend payable on April 8 to shareholders on record as of March 25.
According to GuruFocus, Sixth Street's debt ratios are underperforming more than 70% of global competitors, suggesting low financial strength. Despite this, returns on equity and assets are outperforming over 80% of global asset management companies.
Pioneer Investments (Trades, Portfolio) has a holding in Sixth Street.
Natures Sunshine Products
Utah-based Natures Sunshine Products NATR manufactures and markets nutritional and personal care products in over 40 countries around the globe. The company declared on March 11 a $1 special dividend as part of its three-part capital allocation initiative. The special dividend is payable on April 9 to shareholders on record as of March 29.
GuruFocus ranks the company's financial strength 6 out of 10 on the back of debt ratios outperforming over 68% of global competitors.
Disclosure: No positions.
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