It’s always a great feeling to receive a dividend from one of your investments.
The payment of a dividend shows that the company is happy to reward shareholders and also implies that it has the sufficient financial strength to afford the payment.
But it’s even better when a stock pays out a special dividend.
Investors can treat this additional payment as a bonus that comes on top of their regular dividends.
Typically, a company pays a special dividend after it makes a one-off cash gain from an asset sale or from a sale of its equity holdings.
In other times, it may be paid out to mark a special occasion such as an anniversary or simply to reward shareholders from its accumulated excess cash.
Here are four stocks that recently declared a special dividend that you can consider adding to your buy watchlist.
City Developments Limited (SGX: C09)
City Developments Limited, or CDL, is a...