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Special Dividends? These Names Could Pop: Pros

Tuesday, 13 Nov 2012 | 5:55 PM ET

A looming increase in taxes could force the hand of some companies to issue special dividends before year end, making it a record year for payouts, but which ones?

On CNBC's "Fast Money," Stuart Frankel's Steve Grasso said that Wynn was one candidate, a name in which he held a long position, as well as Western.

How to Play Special Dividend Stocks: Pros
Some pros are saying that 2012 could be a record year for dividend payouts, but which companies could provide a windfall?

Las Vegas might be constrained by legal issues, and one defense contractor in a strong position might hold off. "I think General Dynamics, they have headline risk."

Franklin Resources and Och-Ziff Capital Management were two other names worth considering, he said.

Brian Kelly of Shelter Harbor Capital also said he liked financial services but looked to Western.

"The refining space looks fantastic," he said.

Trader disclosure: On Nov. 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Brian Kelly is long EWT; Brian Kelly is long SMH; Brian Kelly is long JJG; Brian Kelly is short EEM; Brian Kelly is short IYT; Steve Grasso is long ACI ; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long BTU; Steve Grasso is long CLF; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long WYNN; Dan Nathan is long NOV/DEC 16 PUT SPREAD; Dan Nathan is long YHOO JAN/DEC 17.5/18 CALL SPREAD; Dan Nathan is long FB NOV 22/24 CALL SPREAD; Dan Nathan is long MSFT JAN 26/24 1X2 PUT SPREAD; Dan Nathan is long HD JAN 62.5/55 PUT SPREAD; Tim Seymour is long INTC; Tim Seymour is long TROX.

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