TORCHLIGHT ENERGY SPECIAL DIVIDEND FREE

The company earns BDC income from interest on debt investments and dividends, and capital appreciation and realized gains on equity holdings. Main Street Capital's portfolio shows investments in 177 companies collectively valued at $5.1 billion. The firm provides capital for business expansion, acquisitions, management buyouts and recapitalizations. Main Street Capital ( MAIN, $42.80) is a business development company (BDC) that invests in the debt and equity of middle-market businesses (i.e., between $10 million to $150 million of annual sales).

Most recent annualized dividend (per share): $2.58.

Most recent 12-month special dividend (per share): $0.10.

The bank has a more impressive track record for special dividends, which have been paid eight years in a row and doubled in 2021 to 8 cents per share. As such, they are forecasting a 13% decline in EPS for the current fiscal year.Īnd while this bank earns poor marks for dividend growth, it has solid grades for dividend consistency and yield.įulton Financial increased its regular dividend by 8% last March, which was its first dividend hike in three years. Wall Street analysts, who have a consensus Hold rating on the financial stock, think the bank may encounter headwinds in 2022 from reducing mortgage refinancing activity tied to rising interest rates. And at year-end, the bank had excess capital on its balance sheet that exceeded regulatory minimums by 14%. Asset quality remained strong non-performing loans were just 0.83% of total loans and FULT had a low net charge-off rate of 0.07%.įulton Financial's earnings per share (EPS) rose 50% in 2021, fueled by strong gains on investments. However, net interest margins declined modestly due to lower yields.

The bank's average interest-earning assets rose 8.4% in 2021 to $24.4 billion and average interest-bearing deposits increased. It plans to grow profits by expanding its footprint in urban markets like Baltimore and Philadelphia, consolidating and upgrading its branch network and improving its efficiency ratio. The bank offers residential and commercial mortgages, wealth management and a variety of other banking services to businesses and retail customers.įulton Bank has delivered steady single-digit growth in both loans and deposits since 2017. Most recent annualized dividend (per share): $0.56įulton Financial ( FULT, $18.57) owns Fulton Bank, a regional bank with $26 billion in assets that operates approximately 200 branch locations across Pennsylvania, Maryland, Delaware, Virginia and New Jersey.Most recent 12-month special dividend (per share): $0.08.

TORCHLIGHT ENERGY SPECIAL DIVIDEND FREE

What's more, many of the names featured here boast sizable and increasing free cash flows, fortress-like balance sheets and steadily rising regular dividends. Not only did these firms reward shareholders with bonus payouts last year, but they have also paid frequent special dividends in the past. Here are 10 standout companies that paid special dividends in 2021. The combo of fixed-plus-variable dividend (which combines a fixed dividend payment along with a variable dividend that is adjusted based on market conditions) creates a gift to shareholders mostly ignored by financial databases, which count only regular dividends to calculate yield. Special dividends fueled by extraordinary earnings are especially attractive to investors since these tend to occur more frequently and are often paired with a rising regular dividend. These special payments are sometimes triggered by windfalls from an unusual event such as an asset sale, but more commonly occur when the company's earnings are exceptionally strong and the firm has more cash than it needs to fund its business. Special dividends are unscheduled one-time cash rewards companies pay to their shareholders – and they are icing on the cake for income investors.

Torchlight energy special dividend