Siuslaw shareholders getting dividend

| Print |  Email
Must Reads
Wednesday, December 19, 2012

Siuslaw Financial Group is giving a special dividend to its shareholders to be paid before the end of the year to beat an expected tax increase.

CEO Johan Mehlum said the bank’s board decided to pay the special dividend of 20 cents per share to common shareholders and 21 cents to preferred shareholders because of the bank’s strong financial position and consistent earnings. The dividend is equal to the total of the past four quarterly dividends.

And the board decided to pay the special dividend before the end of the year “in anticipation of the possible increase in the present 15 percent tax rate on corporate dividends. … to a rate of up to 39.6 percent under the Obama plan,” bank officials said in a written statement. “It was also a consideration that an additional tax of 3.8 percent could be levied on investment income for upper-income households starting in January 2013.”

Read more at The Register-Guard.

{biztweet}siuslaw{/biztweet}

 

More Articles

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...

A legislative preview — and celebration

News
Friday, January 23, 2015
012315-speaker-thumbBY LINDA BAKER | OB EDITOR

The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


Read more...

The city as startup

Guest Blog
Wednesday, January 14, 2015
011415 citystartup-thumbBY NISHANT BHAJARIA | OP-ED CONTRIBUTOR

Startups in the growth phase are associated with a fresh infusion of capital — human and financial — a curiosity factor and products to disrupt the market and drive demand. Portland’s economy gives off the same aroma.


Read more...

Editor's Letter: Tortoise and the Hare

February 2015
Monday, January 26, 2015

The day after this issue goes to press, the city of Medford will host its annual business conference. The event features Minoli Ratnatunga, co-author of the Milken Institute’s annual “Best-Performing Cities” report. Preliminary data suggests that Medford is likely to retain its No. 1 ranking among best-performing small cities for having a higher concentration of high-tech firms than the national average. 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS