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Dish Announces Non-Recurring Dividend of $1 a Share

Dec. 3 (Bloomberg) -- Dish Network Corp., the second largest U.S. satellite-TV provider, announced a special dividend of $1 a share.

The dividend on outstanding Class A and Class B common stock will be payable in cash on Dec. 28 to shareholders of record as of Dec. 14, Englewood, Colorado-based Dish said today in a statement.

Dish, led by Chairman Charlie Ergen, joins an increasing number of U.S. companies that are announcing special dividends this year ahead of pending tax increases in 2013.

Dish shares fell 1.2 percent to $36.58 at the close in New York. The stock has advanced 28 percent this year.

To contact the reporter on this story: James Callan in New York at jcallan2@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net

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