Local Temple stockholders get windfall just in time for Christmas

For Temple-Inland stockholders (NYSE:TIN), which includes many employees and former employees in Jasper County, Santa comes Dec. 21 this year.

The TIN board of directors declared a special cash dividend of $10.25 per common share to stockholders of records as of close of business Dec. 12. This is in addition to the quarterly dividend of $0.28 that was paid Dec. 14.

The special dividend is the result of the sale of timberlands to the Oregon management company, The Campbell Group.