FEC pays special dividend
Florida East Coast Industries Wednesday paid a one-time special cash dividend of $21.50 per share to all shareholding of record through July 24, taking the final step in a payout originally announced July 13.
When the railroad and real estate company declared its intention to pay a special cash dividend, it set the target date of July 25, but reserved the right to adjust that date or modify the payment if needed.
The payment came immediately after shareholders approved a merger agreement providing for the acquisition of FECI by a company formed the Fortress Investment Group LLC proposal to merge FECI with a company formed by Fortress Investment Group.
FEC pays special dividend
