As an investor, I'm more worried about the dilution of this stock. The letter they sent informs us they are simply going to PRINT new stock for distribution EVERY QUARTER, to pay the dividend - instead of buying stock on the open market. We should demand to know HOW much stock they will be printing, as this will definitely dilute the share price of the existing shares.
They have issued new stock in DRIP before, and yet the performance of the stock has been stellar, beating S&P over most time periods by a significant margin. Many other companies keep buying their stock, but issue large quantities of options to their employees for pennies on the dollar which results in significant dilution of their stock as option exercise results in issuance of new stock. I have watched total # of issued shares of many companies not change a bit, despite their open market purchases. Do u disagree?
Good question, but it would not mean anything more then you will be able to buy more stock with the same amount of money, 2 for on3 split would mean twice as many shares out there then we have now. The divey would be cut in half for a 2 for 1 split.
It's near the $60 range at the end of trading today. I am in the DRIP program now, I buy each month, but takes me almost three months to get one share. I would love to see a split, knowing it is worth no more as before, but at least I can purchase one stock per month.