RE:Replace Special Div. With $1.25 Quarterly Div?I like the management gs conservative and prudent approach of returning FCF to shareholders.
as was commented on, this leaves the company some options as to capital allocation as needed, and it greatly lowers the chance of the regular dividend having to be cut back or eliminated, which never sits well with investors
Mike Rose and his team have been around the block and know how to build and grow a business, even in this sector where commodity prices are beyond the control of anyone
I buy below $60 whenever possible and keep accumulating