Family Dollar Stores is joining other companies in speeding up its dividend payment this month in advance of possible tax increases next year.
The Matthews-based company announced Tuesday it will pay its stockholders the regular quarterly cash dividend of 21 cents per share by the end of this year, instead of January, “in anticipation of increased federal tax rates in 2013,” according to a statement.
Other Charlotte-based companies, including Cato Corp and Sonic Automotive, also announced they would pay stockholders early. The moves are based on possible ecocnomic uncertainty as part of the “fiscal cliff,” the automatic tax increases and spending cuts scheduled to take effect Jan. 1. Celeste Smith