Wed, Mar 4, 2015, 12:08 PM EST - U.S. Markets close in 3 hrs 52 mins


% | $
Quotes you view appear here for quick access.

Costamare Inc. Message Board

SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • as a matter of prudence?

    Dividend Doctrine of Investors Liberation Movement
    Dividends can and should be paid ONLY when the company has nil debt,
    its business outlook is satisfactory, it has "surplus" cash defined as money it
    can't productively use in its business, and its stock price is too high to
    appropriately repurchase (meaning without making the remaining shares
    less valuable fundamentally). Any dividend declaration in violation of these
    four conditions is ipso facto NOT in the best interest of shareholders.
    If a dividend is paid, it should be done annually to save expense, occur when
    the company's cash hoard is most abundant, and timed in a manner to
    minimize the tax consequence to shareholders.

    Dividents are now being declared by many public companies whose shares are held
    by intermediary institutions on behalf of their unsophisticated holders for completely
    illegitimate reasons that the unsophisticated holders would never approve if they were
    aware of the damaging effects. That's why the First Iron Rule for independent investors
    and the slogan of Investors Liberation Movement is "Never buy mutual funds!"
    Someday, I hope that I.L.M. can approve mutual funds operated according to
    our doctrines because I realize that many ordinary people can't spend the time
    to personally manage their investments.
    /s/ William H. Brandt, Acting Chair

19.44-0.35(-1.77%)12:08 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.