According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, three stocks that are paying a one-time cash dividend during June are Capitol Federal Financial Inc. (CFFN, Financial), Extended Stay America Inc. (STAY, Financial)and Waterstone Financial Inc. (WSBF, Financial).
Investopedia.com defines a special dividend as a nonrecurring distribution of company assets, usually in the form of cash, to shareholders. The extra dividends are usually larger than the recurring dividends and are usually tied to a specific event, which can either be an asset sale, a change to a company’s financial structure or a spinoff.
GuruFocus’ Upcoming Special Dividends page lists the stocks that are set to pay a bonus dividend over the next few months.
Capitol Federal Financial
Capitol Federal Financial (CFFN, Financial) offers a wide range of banking services primarily within the state of Kansas. The company announced on May 27 that its board of directors declared a “True Blue Capitol” dividend of 40 cents payable on June 25 with a record date of June 11. The dividend reflects two fiscal years of special dividends of 20 cents each: Capitol Federal Financial deferred its fiscal 2020 special dividend due to economic uncertainty.
GuruFocus ranks the Topeka, Kansas-based bank’s financial strength 2 out of 10 on the back of cash-to-debt and debt-to-equity ratios underperforming more than 70% of global competitors despite a high Piotroski F-score of 7 and an equity-to-asset ratio that outperforms more than 80% of global banks.
Gurus with holdings in Capitol Federal Financial include Jim Simons (Trades, Portfolio)’ Renaissance Technologies, Ray Dalio (Trades, Portfolio)’s Bridgewater Associates, Paul Tudor Jones (Trades, Portfolio)’ Tudor Investment and Mario Gabelli (Trades, Portfolio)’s GAMCO Investors Inc. (GBL, Financial).
Extended Stay America
Extended Stay America (STAY, Financial) declared on June 1 a $1.75 special dividend as required under its merger agreement terms with Blackstone Real Estate Partners and Starwood Capital Group. Upon merger approval, the lump-sum dividend is payable to shareholders on June 16 with a record date of June 15.
GuruFocus ranks Charlotte-based hotel operator’s profitability 7 out of 10 on several positive investing signs, which include profit margins and returns outperforming more than 68% of global competitors.
Waterstone Financial
Waterstone Financial (WSBF, Financial) declared on May 28 a 50-cent special dividend payable on June 15 with a record date of June 11.
The Wauwatosa, Wisconsin-based bank offers community banking and mortgage banking services. According to GuruFocus, Waterstone has a high Piotroski F-score of 7 and a return on equity that outperforms more than 90% of global competitors despite low cash-to-debt ratios.
