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By Eileen Ambrose, The Baltimore Sun | December 7, 2012
Baltimore-based T. Rowe Price announced Thursday it will pay a special cash dividend before the end of the year, joining other companies that are declaring extra dividends in case taxes go up in 2013. Price will pay $1 per share on Dec. 28th to shareholders of record as Dec. 17 t h for a total payout of about $255 million. The Bush-era tax cuts are expected to expire at the end of the year. If the White House and Congress can't work out a compromise, dividend income will once more be taxed at ordinary income tax rates, which could be as high as 39.6 percent.
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BUSINESS
By Eileen Ambrose, The Baltimore Sun | December 7, 2012
Baltimore-based T. Rowe Price announced Thursday it will pay a special cash dividend before the end of the year, joining other companies that are declaring extra dividends in case taxes go up in 2013. Price will pay $1 per share on Dec. 28th to shareholders of record as Dec. 17 t h for a total payout of about $255 million. The Bush-era tax cuts are expected to expire at the end of the year. If the White House and Congress can't work out a compromise, dividend income will once more be taxed at ordinary income tax rates, which could be as high as 39.6 percent.
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BUSINESS
May 12, 1994
SciClone denies seeking Alpha 1SciClone Pharmaceuticals Inc. says it is not interested in buying partner Alpha 1 Biomedicals Inc., after the two companies reached terms to settle their yearlong dispute over a hepatitis drug.While SciClone owns 15.8 percent of Bethesda-based Alpha 1 and plans to increase its stake to 20 percent percent, it said it has no plans for a takeover bid. Alpha 1 licensed its hepatitis-B drug to SciClone, and the two are working to bring the drug to market."The reason we took the stake was to ensure Alpha 1's management was responsive to the development of the drug," said Mark Culhane, SciClone's director of finance.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | July 22, 2004
Microsoft's decision to pay a $32 billion special dividend - by far the largest payout in corporate history - will create an opportunity for millions of American shareholders to receive income that will be taxed at low rates. But it is also likely to provide an incentive for foreign investors to sell the stock and could create tax-oriented trading in the company's shares. By acting now, Microsoft is ensuring that high-income shareholders, a group that includes Bill Gates, its chairman and co-founder, will receive the $3-a-share dividend before a possible change in the tax laws that could more than double their tax bills on such a payout.
BUSINESS
By Ellen James Martin | February 27, 1991
Rich in cash and profitable, Life Technologies Inc. declared yesterday a special dividend of $3.50 a share and adopted a new dividend policy.The 8-year-old Gaithersburg company, a supplier to the growing biotechnology industry, has not paid dividends before, its president, J. Stark Thompson, said.The company's cash position was behind its decision to declare the one-time dividend, payable March 26 to shareholders of record March 12, he said."We're an unusual company in that over the years we have accumulated a lot of cash and no debt," Mr. Thompson said in a telephone interview from a meeting in New York.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 10, 1997
A large shareholder of Lutherville-based WHG Bancshares Corp. is urging company executives to either immediately pay a special dividend of as much as $8 a share or sell out.The shareholder, Jerome H. Davis, owns 6.22 percent of the small savings bank holding company. He attacked management in a letter that called the company's financial situation "deplorable."He chided executives as not "performing your fiduciary duty.""You've had control of your company's destiny for long enough," Davis said in the letter filed with the Securities and Exchange Commission.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | September 29, 1993
Marriott Corp. said yesterday that a favorable ruling from the Internal Revenue Service will allow the Bethesda lodging giant to proceed with its plan to split into two companies."
NEWS
October 7, 1993
Home Depot workers raise $2,500Employees from the Glen Burnie Home Depot store, Michael Tsang, Crista Wong, Lloyd Miller, Ellie Wetter, Donna Founteier and Pete Oseika, recently helped raise more than $2,500 for the Juvenile Diabetes Foundation in a walk-a-thon held at the 150 acre Baltimore Zoo.According to the manager of the Glen Burnie store, Mike Weaver, "with 24 Home Depot employees from the Glen Burnie, Catonsville, Towson and White Marsh stores participating,...
BUSINESS
By TIMOTHY J. MULLANEY and TIMOTHY J. MULLANEY,Staff Writer | July 21, 1993
HCFA project boosted permit activity in MayWork on the new headquarters of the U.S. Health Care Financing Administration has already had one salutary effect -- it pushed statistics for Baltimore-area building permits up 35 percent in May, the Baltimore Metropolitan Council reports.The initial permit for $10 million of work at what is expected to become a $122 million complex pushed the total value of nonresidential building permits issued in May to $21.4 million, up from $15.8 million in May 1992.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | July 22, 2004
Microsoft's decision to pay a $32 billion special dividend - by far the largest payout in corporate history - will create an opportunity for millions of American shareholders to receive income that will be taxed at low rates. But it is also likely to provide an incentive for foreign investors to sell the stock and could create tax-oriented trading in the company's shares. By acting now, Microsoft is ensuring that high-income shareholders, a group that includes Bill Gates, its chairman and co-founder, will receive the $3-a-share dividend before a possible change in the tax laws that could more than double their tax bills on such a payout.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 15, 2000
DEARBORN, Mich. -- Ford Motor Co. announced a complex revamping of its ownership structure yesterday, including the payment of a $10 billion special dividend -- the largest ever by a U.S. company -- and the issuance of additional stock to the Ford family, cementing its grip on the world's second-largest industrial corporation. The plan is designed to let Ford distribute nearly half its $24 billion cash hoard, one of the largest of any company in the world, while minimizing taxes for its shareholders and giving the Ford family greater financial flexibility, particularly for estate planning.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 10, 1997
A large shareholder of Lutherville-based WHG Bancshares Corp. is urging company executives to either immediately pay a special dividend of as much as $8 a share or sell out.The shareholder, Jerome H. Davis, owns 6.22 percent of the small savings bank holding company. He attacked management in a letter that called the company's financial situation "deplorable."He chided executives as not "performing your fiduciary duty.""You've had control of your company's destiny for long enough," Davis said in the letter filed with the Securities and Exchange Commission.
BUSINESS
May 12, 1994
SciClone denies seeking Alpha 1SciClone Pharmaceuticals Inc. says it is not interested in buying partner Alpha 1 Biomedicals Inc., after the two companies reached terms to settle their yearlong dispute over a hepatitis drug.While SciClone owns 15.8 percent of Bethesda-based Alpha 1 and plans to increase its stake to 20 percent percent, it said it has no plans for a takeover bid. Alpha 1 licensed its hepatitis-B drug to SciClone, and the two are working to bring the drug to market."The reason we took the stake was to ensure Alpha 1's management was responsive to the development of the drug," said Mark Culhane, SciClone's director of finance.
NEWS
October 7, 1993
Home Depot workers raise $2,500Employees from the Glen Burnie Home Depot store, Michael Tsang, Crista Wong, Lloyd Miller, Ellie Wetter, Donna Founteier and Pete Oseika, recently helped raise more than $2,500 for the Juvenile Diabetes Foundation in a walk-a-thon held at the 150 acre Baltimore Zoo.According to the manager of the Glen Burnie store, Mike Weaver, "with 24 Home Depot employees from the Glen Burnie, Catonsville, Towson and White Marsh stores participating,...
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | September 29, 1993
Marriott Corp. said yesterday that a favorable ruling from the Internal Revenue Service will allow the Bethesda lodging giant to proceed with its plan to split into two companies."
BUSINESS
By TIMOTHY J. MULLANEY and TIMOTHY J. MULLANEY,Staff Writer | July 21, 1993
HCFA project boosted permit activity in MayWork on the new headquarters of the U.S. Health Care Financing Administration has already had one salutary effect -- it pushed statistics for Baltimore-area building permits up 35 percent in May, the Baltimore Metropolitan Council reports.The initial permit for $10 million of work at what is expected to become a $122 million complex pushed the total value of nonresidential building permits issued in May to $21.4 million, up from $15.8 million in May 1992.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 15, 2000
DEARBORN, Mich. -- Ford Motor Co. announced a complex revamping of its ownership structure yesterday, including the payment of a $10 billion special dividend -- the largest ever by a U.S. company -- and the issuance of additional stock to the Ford family, cementing its grip on the world's second-largest industrial corporation. The plan is designed to let Ford distribute nearly half its $24 billion cash hoard, one of the largest of any company in the world, while minimizing taxes for its shareholders and giving the Ford family greater financial flexibility, particularly for estate planning.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 18, 2013
Tessco Technologies Inc. of Hunt Valley reported Friday that its profits increased in its third quarter over the year before, although revenue was down by about 10 percent. Tessco, a provider of products for wireless broadband systems, earned $5.4 million, or 65 cents per share, in the third quarter ended in Dec. 30. That compares with $4.8 million, or 59 cents per share, for the corresponding quarter a year earlier. Revenue totaled $204.5 million, down from $226 million a year earlier.
BUSINESS
By Ellen James Martin | February 27, 1991
Rich in cash and profitable, Life Technologies Inc. declared yesterday a special dividend of $3.50 a share and adopted a new dividend policy.The 8-year-old Gaithersburg company, a supplier to the growing biotechnology industry, has not paid dividends before, its president, J. Stark Thompson, said.The company's cash position was behind its decision to declare the one-time dividend, payable March 26 to shareholders of record March 12, he said."We're an unusual company in that over the years we have accumulated a lot of cash and no debt," Mr. Thompson said in a telephone interview from a meeting in New York.
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