“AUSTIN, Texas (AP) — Whole Foods has declared a special dividend of $2 per share, a step that many companies are taking ahead of impending tax increases and government spending cuts at the start of 2013.
The White House and Republican congressional leaders are trying to strike a deal to avoid falling off the fiscal cliff, as the combination of simultaneous tax hikes and spending cuts has been dubbed.
Whole Foods Market Inc. is one of the latest companies to issue a special end-of-year payment to protect investors from potentially having to pay higher taxes on dividend income starting in January.
The natural grocery store chain said that the special dividend will be paid on Dec. 21 to shareholders of record on Dec. 10.
With almost 186 million shares outstanding, the special dividend would cost Whole Foods about $372 million.”
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