Seaboard Corp. (SEB) Accelerates Next Four Years of Dividends Ahead of Cliff

December 7, 2012 4:14 PM EST
Seaboard Corp. (AMEX: SEB) declared a special dividend of $12.00 per share.

The dividend will be payable on December 28, 2012, to stockholders of record on December 17, 2012.

The annual yield on the dividend is 0.5 percent.

The increased amount of the dividend represents a prepayment of the annual 2013, 2014, 2015 and 2016 dividends ($3.00 per share per year). This increased dividend is being made to ensure that the taxes shareholders will pay based on the receipt of the dividend is taxed at the currently favorable 2012 tax rate on dividends, and not based on an increased tax rate on dividends which is scheduled to take effect in 2013, unless new legislation is enacted. The Corporation does not intend to declare any further dividends for the years 2013 - 2016.

For a dividend history and other dividend-related data on Seaboard Corp. (SEB) click here.

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