trending Market Intelligence /marketintelligence/en/news-insights/trending/l6oI072wgzbwve_s0VZJ7A2 content esgSubNav
In This List

Jefferies Financial Group declares special dividend of Spectrum common stock

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Jefferies Financial Group declares special dividend of Spectrum common stock

The board of Jefferies Financial Group Inc., which owns 7,514,477 shares or about 15.4% of the common stock of Spectrum Brands Holdings Inc., approved a distribution to stockholders of Jefferies of Spectrum Brands shares.

Jefferies will distribute the 7,514,477 Spectrum Brands shares through a special pro rata dividend effective Oct. 11 to Jefferies' stockholders of record as of the close of business Sept. 30. Stockholders of Jefferies will receive about 0.025 of a Spectrum Brands common share for each Jefferies common share held as of the record date.

Based on closing market prices on Sept. 13, the dividend reflects a distribution of about $1.50, or 7.4%, per Jefferies share.