CU dividend...
MrEureka
Posts: 24,365 ✭✭✭✭✭
Strange comment in the press release announcing the CU dividend of 8 cents a quarter:
"The board and management's intention in initiating this dividend program is to reward our stockholders for their loyalty."
I've never considered the possibility that investors hold shares because they are loyal to their companies. Except employees and directors, I suppose.
"The board and management's intention in initiating this dividend program is to reward our stockholders for their loyalty."
I've never considered the possibility that investors hold shares because they are loyal to their companies. Except employees and directors, I suppose.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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<< <i>That is a strange statement. Actually, I have had so many ins and outs of CLCT that my head swims thinking about it--but I did manage to capture the dividend.
The translation is they are trying to reduce the volatility of the stock by introducing a dividend.