Wingstop Declares a Huge Special Dividend

Despite the challenges of the COVID-19 pandemic, it's been a great year for Wingstop (NASDAQ: WING) and the company is passing the stellar results on to shareholders. On Monday, the company announced a special dividend of $5 per share. If you own the stock on Nov. 20, you'll receive your $5 dividend payment on Dec. 3. The dividend yield for the special dividend is over 4%. 

Wingstop has done this before. One year after going public, it paid a special dividend of $2.76 per share. Then in 2018, it paid two special dividends: The first was for $3.02 per share and the second was for $3.05 per share. These have been paid without any disruption to the ongoing quarterly dividend, which has been paid since it was started in mid-2017. The company has also annually raised the quarterly dividend.

Image source: Wingstop.

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Source Fool.com