RE:RE:Will they split the dicretionary fcf 50/50mbuch wrote: I can't see them paying a special dividend. This company is just too cheap.
soundandfury wrote: Between special dividends and share buybacks............if so this would leave 50 cents per share for special dividebds.........so will they do one 50 cent or two 25 cent is the question
Their corporate presentation is quite clear. It says "up to 50%" excess returned to shareholders via either special dividends or buybacks.
Up to leaves wiggle room. I'd say there isn't much choice here. Either 50% is returned to shareholders or there is an acquisition that results in the market assessing how the cash was used instead of returning it to shareholders
I think investors by and large like clarity and will pay for it. In this instance I think they've left the wiggle room in the event they stumble across an accretive property, but it's either acquire or return.