Washington Post to Pay Special Dividend

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Washington Post has become the latest company to pay out a special, "accelerated" dividend by year end to its shareholders, it announced in a press release. The media and publishing company will pay $9.80 per share, which is to cover the entirety of the company's fiscal 2013.

The dividend will be paid on Dec. 27 to shareholders of record as of the close of trading on Dec. 17. The payout matches that of the company's annual dividend payments in 2012.

The company's share price closed up $4.32 to $372.13 the day the special dividend was announced.

The article Washington Post to Pay Special Dividend originally appeared on Fool.com.

Eric Volkman and The Motley Fool have no positions in Washington Post. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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