1) $2.16 dividend.
2) The dividend is unlikely to be cut again seeing as it was just cut and the company will have more funds available and the reduction of outstanding shares. It might even increase after the company is done with the buyback in early 2015.
3) The buyback should increase the stock price.
4) They made the right move for the business. As much as the dividend cut hurt investors, it's better in the long run - which will help investors.
Healthy dividend + stable dividend + buyback + slight recovery from the knee-jerk selling+ intelligent change in fund allocation by management = great long term stock to buy now. I'd be unhappy if I owned it at $42 but I'm happy I bought it at $32 (knock on wood)
People...Listen to this long who was not #$%$ and moaning about the stock falling even though he owned
it at $42. He saw the wisdom at buying back down at $32. This guys going to make money plus a nice dividend. Most of you got handed a gift but were too busy crying in your beer to know it was a gift!!! LOL!