Blyth Inc., a Greenwich company that makes home fragrances, candles and other decorative items, said its board of directors declared a special cash dividend of $1 per share.
The company took a conservative approach to dividend payments and once the numbers were re-evaluated based on cash flow, the adjustment was made, said Chairman and CEO Robert Goergen,
The special dividend is payable Feb. 16 to shareholders of record as of Feb. 2, the company said.
The special dividend is in addition to the regular semiannual dividends paid during the fiscal year, which ends Jan. 31. Those totaled 20 cents per share.
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There are no plans to change the normal dividend rate.
Blyth shares rose 19 cents to $32.84 on Wednesday.
