To avoid possible tax hike, American Eagle moves up dividend payment
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Joining other companies trying to help investors avoid potential higher tax rates in the new year, South Side teen retailer American Eagle Outfitters this morning said it would move up the payment of its first-quarter dividend by several months.
Shareholders of record on Dec. 19 will receive a 22 cents-per-share dividend Dec. 28.
As Congress and President Barack Obama negotiate tax rates and spending, a number of public companies have announced special dividends or taken other steps to move payouts into 2012 to avoid potential tax hikes.
According to American Eagle's announcement, its board declared a regular quarterly dividend of 11 cents per share as well as pushed up the payment of its first-quarter dividend of 11 cents per share that would typically be paid in April.
First Published December 4, 2012 9:51 am