I would be more interested in Foster Wheeler and other construction companies like Shaw Group if they paid meaningful dividends. Without dividends, I feel the companies are bring run for the sole benefit of providing high paying jobs to management. Someone tell me why I may be wrong.
It's not so much a growth company but a firm that's locked into somewhat of a cyclical business. Hence no dividends. I for one don't feel that this company has greedy management as some have indicated. Very well managed just look at her balance sheet.
The last thing a company wants to do in this environment is use cash to pay a dividend. They need to keep the cash on their balance sheet. With all due respect, if you are looking for dividends, there are about a million stocks that pay them. I hope FWLT doesn't introduce a dividend in this environment. I said it b4, that I will immediately dump all my shares from the pop of a dividend announcement. Citigroup has been paying a pretty good dividend, go buy some Citigroup.
Thanks for the responses to my question on dividends. Incidentally, I own a ton of Citigroup - all of it bought very recently and although I have not had it long enough to receive dividends, I have a substantial paper profit.