Look for Special Dividends

Dividend investors know that regular dividends increase their total returns. And special dividends add an extra bonus. For instance, Diamond Offshore (DO), an offshore oil driller, in addition to its quarterly dividend, has paid special dividends of $1.50 (March 1, 2006), $4 (March 1, 2007), $1.25 (December 3, 2007) and $1.25 (March 1, 2008). Shareholders benefited from profits generated from increased drilling due to high energy prices.

Nobel Drilling (NE), an offshore driller, on April 17, 2008 declared a special cash dividend of 75 cents per share. The record and payment dates are April 30 and May 16 respectively.

Bassett Furniture (BSET) on April 3, 2008 declared a special dividend of $1.25 per share with the record and payment dates to be announced.

Subscribers to Ex-Dividend.com. can find the latest special dividends.

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Posted April 22, 2008.

Look for Special Dividends

Look for Special Dividends