‘Tis the season to keep investors happy with dividends ahead of any hike in tax on them.
Danbury-based furniture seller Ethan Allen Interiors said Monday its Board of Directors declared a special cash dividend of 41 cents per share which will be payable to shareholders of record as of December 6, 2012 and will be paid on December 20, 2012. The Company’s Board has also declared a change in the January record and payment date, to accelerate the record and payment date of the 9 cents per share regular quarterly cash dividend announced Nov. 13. This dividend will now also be payable to shareholders of record as of December 6, 2012 and will be paid on December 20, 2012.
One of the potential casualties of the federal deficit struggle could be the tax rate on dividends. Currently, its 15 percent, but if the Democrats have their way it could be subject to the regular income tax rates, which for rich folk, would more than double the rate.
Ethan Allen lost 12 cents to close at $29.43 Monday in New York trading.