to the growing list of companies trying to beat the fiscal cliff
by offering a
Expedia, an online travel company, will pay shareholders a
special dividend of 52 cents per share on December 28 - a payment
that comes in addition to the company's regular quarterly
dividend of 13 cents a share.
PetSmart's dividend isn't necessarily "special" - it's their
regular fourth-quarter payout, but bumped up from its usual
February time slot to avoid the possibility of higher income
taxes after January 1.
is taking it one step further. The computer technology giant is
accelerating payment of its second-, third- and fourth-quarter
2013 payments to issue one giant special dividend on December 21
to shareholders of record as of this Friday.
The latest special dividend payers join the likes of
Las Vegas Sands (LVS)
in trying to kick money back to shareholders before the impending
fiscal cliff hikes dividend taxes next year.
With three weeks left until the end of the year and fiscal
cliff negotiations seemingly going nowhere, look for more
big-name companies to issue special dividends before the calendar
turns to 2013.