Announcements made on Tuesday confirmed special dividends for both Brown-Forman Corporation(BF-B) and Las Vegas Sands Corp.(LVS) which will both be payable in December..

BF-B reported that they will be be paying a special dividend of $4 per share, which will be paid on December 27, 2012 to stockholders of record on December 12.

Secondly, LVS reported that they will also be paying a special dividend of $2.75 which will be payable on December 18 to stockholders of record on December 10.

LVS Chairman Sheldon G. Adelson noted that returning capital to shareholders is a long term goal of the company. They also have increased their regular dividend to $1.40, which will be paid in the beginning of 2013.

Adelson noted, “what this special dividend really represents is the unique position our company currently enjoys in the hospitality, leisure and gaming industry. The cash flow of our current operations and the strength of our balance sheet have put us in the enviable position of both returning capital to our shareholders while at the same time staying true to our roots as a growth company.”

Brown-Forman shares were mostly flat, and Las Vegas Sands shares were up $2.12, or 4.81% during premarket trading Tuesday.

The Bottom Line
Shares of Brown-Forman (BF-B) have a 1.50% dividend yield, based on last night’s closing stock price of $67.98. The stock has technical support in the $62-$64 price area. The shares are trading near all-time highs. Shares of Las Vegas Sands (LVS) have a 2.27% dividend yield, based on last night’s closing stock price of $44.03. The stock has technical support in the $39-$40 price area. If the shares can firm up, we see overhead resistance around the $46-$49 price levels.

Brown-Forman Corporation(BF-B) and Las Vegas Sands Corp.(LVS) are not recommended at this time, holding a Dividend.com DARS™ Ratings of 3.4 and 3.2 out of 5 stars respectively.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.