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Michael Duke

Michael Duke

CEO of Wal-Mart Stores Inc. (WMT)

Owner of 1,086,397 shares

Dividend: $1,770,778

After 15% tax: $1,468,265

fter 43.4% tax: $967,327

Saving: $500,938

Winners of the Dividend Bonanza

With the deadline for avoiding the fiscal cliff fast approaching, the fear for

the possible increase in 2013 federal tax rates looms. Many companies

are issuing accelerated dividends or special dividends in the fourth

quarter of 2012, in order for their shareholders to avoid higher tax

rates in the future. Here's a look at some institutional insiders who will benefit from these special dividends.