In total, CHS expects to dole out roughly $23 million to shareholders.
In a news release, CHS Chairman, President and CEO Wayne Smith said it is the for-profit hospital operator’s first dividend since going public in 2000. “This special cash dividend of $0.25 per share provides us with an opportunity to return capital to our shareholders with payment prior to the end of the year,” he said.
CHS posted net income of $44.2 million in its most recent quarter, and for the first nine months of fiscal year 2012, CHS reported a profit of $203.1 million — an 18.7 percent increase from the first nine months of 2011.
If Congress allows the Bush-era tax cuts to expire at the end of the year, the maximum tax rate on dividends would increase from 15 percent to 39.6 percent.
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For-Profit Hospital Stock Report: Week of Nov. 26-30, 2012
