Washington Post to pay dividend early

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Associated Press

Posted on December 7, 2012 at 4:02 PM

Updated Saturday, Dec 8 at 2:01 AM

WASHINGTON (AP) — The Washington Post Co. will pay its 2013 dividends before the end of this year to try to spare investors from potential tax increases expected in the coming year.

The media and education company said Friday that a dividend of $9.80 per share is payable Dec. 27 to shareholders of record as of Dec. 17. The payout is instead of regular quarterly dividends next year.

A number of companies are moving up quarterly payouts or issuing special end-of-year payments to protect investors from expected higher taxes on dividend income starting in January. Investors have paid a maximum of 15 percent on this income for years, but if a resolution is not reached on the "fiscal cliff" it could jump as high as 43.4 percent for the country's highest earners.

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