KBW Inc. (KBW:US), the investment bank focusing on financial-services clients, will pay a special dividend of $2 a share linked to its takeover by St. Louis-based brokerage Stifel Financial Corp. (SF:US)
The dividend is payable Dec. 17 to shareholders of record as of Dec. 10, the company said today in a statement. KBW’s merger agreement with Stifel, announced earlier this month, stipulates that the cash portion of the takeover payment will be reduced to reflect the special dividend.
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