Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Utah’s Nutraceutical declares special dividend
First Published Dec 13 2012 08:50 am • Last Updated Dec 14 2012 11:36 am

Nutraceutical International, a Park City-based purveyor of branded nutritional supplements, said its board of directors has declared a first ever, special cash dividend of $1 per share on its common stock.

The dividend will be paid Dec. 28 to stockholders whose names are on Nutraceutical’s list of shareholders as of Dec. 21.

Join the Discussion
Post a Comment

Bill Gay, chairman and CEO, said in a statement that the $1 special dividend that will be paid prior to the end of the calendar year provides the company with the opportunity to return some of its capital to shareholders. The total value of the dividend is approximately $9.8 million.

"We have had a strong year, our business fundamentals remain strong. We believe the company is well positioned to move forward aggressively and we are confident in our ability to fund our growth and acquisition plans and continue our stock repurchase program," Gay said.

Nutraceutical is among a growing number of companies that are declaring special end-of-year dividend payments because next year investors will have to pay higher taxes on dividend income unless a compromise is reached on taxes and spending.




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.