RE:RE:RE:PRG is paying out Dividends Yes, with sufficient free cash flow and available cash on hand, we can reasonably anticipate two PRG dividends each year going forward for the June/December half-years respectively. That would mean dividend announcements in March 2025 and August 2025 followed by record dates in April 2025 and September 2025 respectively and finally payments in May 2025 and October 2025 respectively.
As far as MJS shareholders receiving two payments as well, I am tempering such expectations personally. The "special dividend" label shows less of a commitment than "semi-annual dividend" in my view. Being the first MJS dividend and there being no clear dividend policy, the special dividend label is appropriate until the MJS board implements a firm dividend policy such as payment based on a percentage of free cash flow. That being said, MJS could simply issue semi-annual special dividends in perpetuity which I hope to be the case. If this comes to fruition, then we MJS shareholders are looking at a dividend yield of over 20% assuming no change in the interim dividend amount!
Yesterday's sellers of 7+ million shares will be missing out and it appears to be a gift for the buyers.