RE:RE:RE:RE:RE:RE:RE:RE:Stock SplitI am totally okay with special dividends, and go easy Eid doing a phenomenal job, and that is while paying dividends, so it is what it is..... I stand by that I would prefer they pay them special when they cannot find a better place, than to pay scheduled and regular... Right now, it is possible that the dividend pay out is preventing business expansion or efficiency, it is also possible that it is not... The truth is that it doesn't matter because they are scheduled..... The company is paying money to send me money, and then I get taxes on that money, and then I'm reinvesting it back into the company, which is costing money again.... I would rather skip that process and just focus on growth and market.... But that's just preference, and I get that to play in Canadian financial space, you need to pay dividends, I get it, just not my preference, and it never will be..... Cheers!
cpeczek wrote:
I don't think your comparison is fair because you are basically comparing this company in a growing segment to companies that face cyclical declines. This is an apples to oranges comparison. If the management did not offer a dividend and instead invested into growth, I would be completely ok with that. The fact that they offer a dividend and raise it a large amount every year means that they have weighed their options and have considered this the best use of the cash. It is in my own personal interest to take advantage of that. If you believe DRIP dilutes your shares then take that up with IR. I do agree that small floats go up or down faster. I never said otherwise. I like everyone else am self-interested. I realize that splitting the stock is not in everyone's best interest. It is however, in mine and I suspect many other people's. I have a large of amount of money invested in the company in percentage to my portfolio and would rather not buy more as I am already significantly overweight. If they don't split their shares, I would be ok with that, but you have to admit that reinvesting dividends is a long-term winning strategy.