Special Dividends and Liquidating Dividends

A company issues a dividend which is the same as last quarter, but also is in excess of accumulated retained earnings. This dividend can be considered all of the following, _except_ a:

No. Since this is the same dividend as was paid last quarter, this is likely to be considered a regular dividend.

Correct! It's the same dividend as last quarter, making it likely a regular dividend. It is also a liquidating dividend, since its value exceeds accumulated retained earnings. But there is no reason to expect it to be considered a special dividend.

Incorrect. It is a liquidating dividend, since its value exceeds accumulated retained earnings.

regular dividend.

special dividend.

liquidating dividend.