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Belo Corp. Message Board

  • wow1smallworld wow1smallworld Apr 20, 2011 4:42 PM Flag

    Odds of BLC dividend

    Dan, you noted before that there was a chance that a dividend could be announced this earnings release. Are these odds slim?

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    • BLC was also paying a 30 cents (7.5 cents per quarter) dividend in 2008.....just like SCGI which was paying more. After seeing what happened with SBGI when they announced a dividend, BLC might possibly do the same. However, based on previous cc's they appear to be more focused on paying down debt and reducing interest expense. However, I think there's a 25-35% chance they might do it.....if they are smart. If they did, we would probably pop above $10 in 1 or 2 days......JMHO. DaninFW