By Stephen Nakrosis
Rocket Cos. Inc. on Thursday said its board declared a special dividend of $1.11 per share for holders of the company's Class A common stock.
The special dividend will be payable to holders of record at the close of March 9, the company said.
"During the year, we achieved significant growth and generated capital at a rate where we were able to fully re-invest in our business and have excess funds available to distribute to our shareholders," the company said, adding, "We will fund the special dividend from cash distributions of approximately $2.2 billion."
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(END) Dow Jones Newswires