yes they made a promise they coundnt keep and bought some sort of egyptian co. lack of current cash that they turn to stock. they are big and ill take stock any time, going forward this could be a trap only if this was a small co. but that is not the case here. looking to ad to my holdings.
A stock buyback is NOT giving shareholders more stock, it is simply buying back stock thus reducing the number of share outstanding and assuming that that action will raise the price of the shares that are left. So, the dividend is now and will be for next year, 1.3 eu and still subject to spanish tax withholding.