American Eagle moves up two dividends; shareholders could save on taxes
American Eagle Outfitters Inc. said Tuesday that it will push up payment of two quarterly dividends from next year to this month, a move that could save its shareholders at tax time.
The South Side-based clothing retailer said it will pay a cash dividend of 22 cents a share on Dec. 28 to shareholders of record as of Dec. 19. It accelerated dividends of 11 cents each that would have been paid in January and April next year.
The move by American Eagle is the latest among a string of national retailers that have pushed up dividend payments to December on concerns that taxes on those payments will nearly triple in 2013.
The tax rate on dividends of 15 percent will automatically rise to 43.4 percent next month unless Congress acts to stop it.
Add Alex Nixon to your Google+ circles.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Moon area pediatrician found dead in country club lake
- LaBar: The upgrade of The Wyatt Family in WWE
- Trib Total Media puts 9 Western Pa. newspapers up for sale
- Starkey: Steelers stopping themselves with suspensions
- Pirates turn nifty double play in 9th, edge Marlins
- Heyl: Vick haters’ Facebook bark much worse than their protest’s bite
- Steelers’ Martavis Bryant facing four-game suspension
- Some of the WPIAL’s top teams leaning toward two-back ground game
- Nighttime crew keeps plant containers hydrated, healthy around Pittsburgh
- Pennsylvania warming to bring ‘profound’ changes, Penn State report says
- Pirates notebook: Hurdle mulling rotation options