On the back of a previous article where I broke down how REIT dividends can be classified in a number of ways that has tax implications for shareholders, I just want to point out that Piedmont's (PDM) announcement yesterday of a special $0.50 dividend will be a capital gain to shareholders. This is important because the record date is December 26th, which means holders of the stock will have a capital gain in calendar year 2017 even though the dividend won't be paid until January 9th.
The capital gain, therefore, can be used to offset other capital gains, if you have them. Otherwise, just know you have a capital gain coming even though you haven't sold the stock.
Good luck and happy holidays.
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