5 Stocks that Paid Special Dividends in 2023

2. Arch Resources, Inc. (NYSE:ARCH)

Number of Hedge Fund Holders: 42

Arch Resources, Inc. (NYSE:ARCH) is an American coal mining company, based in Missouri. It is one of the leading processors of metallurgical products in the US for the global steel industry. On April 27, the company declared a quarterly dividend of $0.25 per share, which was in line with its previous dividend. The stock’s dividend yield on June 21 came in at 0.84%. It also announced a special dividend of $2.20 per share and has been paying supplemental dividends to shareholders consecutively for the past five quarters, which makes it one of the best special dividend stocks on our list.

Arch Resources, Inc. (NYSE:ARCH) experienced a positive hedge fund sentiment in Q1 2023, as 42 hedge funds tracked by Insider Monkey reported having stakes in the company, up from 34 in the previous quarter. The total value of these stakes is roughly $480 million.