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Beneficial Bancorp to pay special dividend

Beneficial Bancorp Inc. will pay a special dividend of 25 cents per share to the company's shareholders of record as of Feb. 5. The dividend will be payable Feb. 15.

The Philadelphia-based company reported a net loss of $3.3 million, or 5 cents per share, for the quarter ended Dec. 31, 2017, compared to net income of $7.6 million, or 10 cents per share, a year ago.

For full year 2017, the company reported net income of $23.9 million, or 32 cents per share, compared to net income of $25.5 million, or 34 cents per share, in the previous year.

A one-time charge of $13.1 million, or 18 cents per share, was included in the net income due to remeasurement of the company's deferred tax assets following the passage of tax reform legislation.