OTCPK:MGMXD - Post by User
Comment by
BobTheKnob2on Aug 30, 2016 11:52am
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Post# 25191335
RE:RE:RE:inaugural dividend
RE:RE:RE:inaugural dividendThis is most excellent news. The decision to issue a dividend and consolodate the shares so that they trade in the $7-10 range means that it will make the company more desirable for many.
It will mean that large institutional funds can purchase the stock, whereas their trust indentures might not allow them to do so while trading below a dollar. With a dividend it will also bring investors who purchase for the yield.
Overall, this is a good decision by management.