Post by
pennydredful on Jan 30, 2024 4:49pm
Seems there is a divergence here
Between shareholders wants and needs and company,s actions. Shareholders would like a middling dividend say .60 per annum while all money is being poured into share buybacks. Seems like people at the top are working against those at the bottom so they are caving which is which those at the top want. ITS BIZARRE .
Comment by
pennydredful on Feb 23, 2024 10:33am
nice percentage dividend increase somewhat addressing those concerns
Comment by
Billybabin61 on Feb 23, 2024 11:39am
The dividend increase was announced last Nov with ex dividend next week. The payout ratio is among the lowest in the industry which makes it extremely well supported and subject to more bumps. I like the fact that they are shrinking their float too.
Comment by
houbahop on Feb 23, 2024 7:27pm
There is a possibility, players following this stock correctly anticipated a large decline in profitability for 2024. There was over 3m shares shorted on Feb. 15. Short covering?