5 Stocks that Paid Special Dividends in 2024

In this article, we discuss 5 stocks that paid special dividends in 2024. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Stocks that Paid Special Dividends in 2024. 

5. HSBC Holdings plc (NYSE:HSBC)

Number of Hedge Fund Holders: 15

HSBC Holdings plc (NYSE:HSBC) is a London-based largest banking and financial services organization in the world. The company provides a wide range of related products and services to its consumers. The company currently pays a quarterly dividend of $0.31 per share and has a dividend yield of 8.09%, as of March 14. In February this year, the company declared a $0.21 per share in special dividends, allocating proceeds from the sale of its banking business in Canada. HSBC is one of the best special dividend stocks on our list.

As of the close of Q4 2023, 15 hedge funds in Insider Monkey’s database reported having stakes in HSBC Holdings plc (NYSE:HSBC), up from 14 in the previous quarter. The collective value of these stakes is over $102.2 million.

4. Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Number of Hedge Fund Holders: 22

Ryan Specialty Holdings, Inc. (NYSE:RYAN) is an insurance services company that specializes in providing solutions for specialty risks and insurance needs. The company initiated its dividend policy in February this year with a per-share quarterly dividend of $0.11. In addition to this, it also declared a one-time special dividend of $0.23 per share that will be payable on March 27. With a dividend yield of 0.80%, RYAN is one of the best special dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in Ryan Specialty Holdings, Inc. (NYSE:RYAN) jumped to 22 in Q4 2023, from 16 in the previous quarter. The consolidated value of these stakes is over $350.5 million.

3. Arhaus, Inc. (NASDAQ:ARHS)

Number of Hedge Fund Holders: 28

Arhaus, Inc. (NASDAQ:ARHS) is a company that specializes in furniture and home decor retail. They operate as a home furnishing retailer, offering a wide range of products. On March 7, the company declared a special dividend of $0.50 per share that would be payable on April 4. The company declared an additional dividend alongside surpassing expectations with its fourth-quarter earnings report. ARHS is among the best special dividend stocks on our list.

According to Insider Monkey’s database of Q4 2023, 28 hedge funds owned stakes in Arhaus, Inc. (NASDAQ:ARHS), up from 24 in the previous quarter. The consolidated value of these stakes is over $94.2 million. With over 2 million shares, Scopus Asset Management was the company’s leading stakeholder in Q4.

2. Weyerhaeuser Company (NYSE:WY)

Number of Hedge Fund Holders: 30

Weyerhaeuser Company (NYSE:WY) is an American real estate investment trust company that primarily operates in the timber, land, and forest products industry. The company is involved in the cultivation, harvesting, and sale of timber, as well as the production and distribution of related products. On February 9, the company declared a 5% hike in its quarterly dividend to $0.20 per share. The stock’s dividend yield on March 14 came in at 2.34%. On January 25, the company also declared a special dividend of $0.14 per share, which makes WY one of the best special dividend stocks on our list.

Weyerhaeuser Company (NYSE:WY) ended the fourth quarter of 2023 with 30 hedge fund positions, up from 24 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $255.8 million.

1. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 40

Ford Motor Company (NYSE:F) tops our list of the best dividend special dividend stocks. The company is primarily engaged in the design, manufacturing, marketing, and servicing of automobiles and automotive parts. On February 6, the company declared a quarterly dividend of $0.15 per share, which was in line with its previous dividend. It also announced a special dividend of $0.18 per share. The stock’s dividend yield on March 14 came in at 4.99%.

Ford Motor Company (NYSE:F) was a part of 40 hedge fund portfolios at the end of Q4 2023, compared with 43 in the previous quarter, as per Insider Monkey’s database. These stakes have a collective value of roughly $2 billion.

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