PICO Holdings (PICO) Declares $5.00 Special Dividend; 27.5% Yield

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Go back to PICO Holdings (PICO) Declares $5.00 Special Dividend; 27.5% Yield

Pico Holdings, Inc. Announces Special Dividend of $5.00 Per Share

October 26, 2017 4:06 PM EDT

LA JOLLA, Calif., Oct. 26, 2017 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (NASDAQ: PICO) announced today that its Board of Directors has declared a special cash dividend of $5.00 per share, or approximately $115.7 million. The dividend will be payable to shareholders of record as of the close of business on November 6, 2017.  Payment is expected to be made on or around November 20, 2017.

The Company presently estimates that it will not have any current or accumulated earnings and profits for 2017, and that based upon that estimation, no amount of the special dividend... More