Thanks again LO-"Lorillard’s board declared a quarterly dividend hike of 6.5% on its shares to 55 cents per share. The dividend will be paid on Mar 11, 2013 to stockholders of record as of Mar 1, 2013. The company paid its last dividend of 52 cents in Dec, 2012.
Apart from this, in Nov, 2012, the company’s board approved a three-for-one split of Lorillard common stock, which it distributed in the form of a 200% stock dividend. The additional shares were distributed on Jan 15, 2013.
The company also repurchased approximately 7.8 million shares for $304 million under its share repurchase program in the quarter."
indeed. I went into LO about 6 months ago, as they were the only major player in Vaping, where its going to be very hard to pick a winner among the minnows.
barring the unforseen, IMHO, vapers will outnumber smokers at least 2:1 over the next 5 years. Vaping very big in europe, and catching on here, Some countries eg Belgium banned it- some majors and pharma's lobbying against it, as they have so much invested in smoking and quit smoking products.
anyway FWIW, its a "gamble" with a good company, that might just pay off this big bonus business.