TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

American Eagle moves up two dividends; shareholders could save on taxes

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

AEO $21.45 +$0.15

at close on TUESDAY

Daily Photo Galleries

Tuesday, Dec. 4, 2012, 10:30 a.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. Rossi: After L.A., NFL should tread carefully
  2. Acme man’s ephemeral sculptures appear to defy laws of physics
  3. Oncologists wary of scaled-back guidelines in cancer screenings
  4. Kennywood fanatic, 82, rides Jack Rabbit 95 times in a row
  5. Early success in White House race a pleasant surprise for Carson
  6. Cochran repair center planned in Harrison
  7. Starter Liriano strikes out 12, leads Pirates to series sweep of Mets
  8. Memorial Day service in National Cemetery of the Alleghenies still growing
  9. Neighbor arrested after McKeesport house fire, authorities say
  10. A family’s flag flies again in Mt. Pleasant
  11. Posthumous election wins have happened in Western Pa., nation