Is there any proof that HNZ will pay the next cash dividend? Has anyone researched the merger agreement with BRK to know if there will be any more dividends paid?
I knew something was weird when they paid a fifth dividend in December. I could not figure out why they would do that and thought my broker had made a mistake.
so.... the Q1'13 dividend was accelerated & paid in Dec'12 to beat the tax increase. The deal is supposed to close in Q3'13. That sounds like there will be at minimum ONE more 50.5c cash dividend paid by HNZ.
MANY companies accelerated div payments as a shareholder friendly move givne div taxes were expected to increase for tax year 2013.
There should be 2 more before any buyout. I'd like to see an additional special with all the preferred cash that Buffet is drooling over.