Special Dividends Surge Fourfold as Tax Increase Looms in U.S.

Special Dividends Surge Fourfold as Tax Increase Looms in U.S.

Jerome Favre/Bloomberg

From the end of September to mid-November, 59 companies in the Russell 3000 stock index declared a one-time cash payment to shareholders, up from about 15 in the year-earlier period, according to data compiled by Bloomberg. More than a dozen said they acted because of a pending dividend-tax increase.