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

Shades of Gray

May 2015
Monday, April 27, 2015
BY KIM MOORE

Are we too quick to diagnose corruption?


Read more...

On the Road

April 2015
Friday, March 27, 2015
BY LINDA BAKER

My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor or anything, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.


Read more...

Energy Stream

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers. 


Read more...

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

Fighting Fire With Fire

May 2015
Friday, April 24, 2015
BY BEN DEJARNETTE | INVESTIGATEWEST

Timber companies and environmental groups take a stab at collaboration to boost logging and restoration in Oregon fires.


Read more...

Oregon Business expands events portfolio

The Latest
Friday, March 27, 2015
htctfacebookBY OB STAFF

New events series brings magazine to life.


Read more...

Celestial Eats

May 2015
Monday, April 27, 2015
BY JACOB PALMER AND EILEEN GARVIN

A power lunch at Solstice Wood Fire Cafe & Bar.


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