STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:payout ratio

[d_trump]

@bluecollar. You are a quality poster, your username is familiar from other boards. I welcome dissenting views (not to be confused with bashing). The point you make about the drip is valid. Personally I hate drips, either you pay a dividend or you don't. I have suggested to stb that they cancel the drip because it negates the buyback. If you think about it, if everyone opted for the drip, then essentially you have no dividend, just more and more shares worth less and less.