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It is 2.5cts less corporate tax....you should only get about 2cts. I got 2 cts the last time. This is a dividend king.
Before announcement it is trading 23.5 24cts. You may get no gain when XD. Good only for long term play. very long term.
Also, to note they give out 2.5cts of their 3.14cts EPS. Should there be an econmical slow down, the dividend will also go down. Would you buy a new mobile phone during a slowdown ?
NTA 14.3cts.
Just my thoughts....
This stock is giving out 10% div. Would't be wrong to put some $$ here till May.
Probably to boost their EPS or for their stock incentive program.
KiLrOy: any idea the use of company buying back their own shares? it is a routine gesture to reduce the number of shares circulating? i dun see any benefits in share buyback from company. maybe you can enlighten to me the rationale for share buyback? thanks.