my bet is there will be no extra dividend. WTM has soaked the OB cow enough. OB has to come up with about $19 million for the regular quarterly dividend, and you think they will do an EXTAR $1.20 dividend on top? That works out to another $118 million OB has to come up with. I do not think the balance sheet can handle removing almost $140 million this month for dividends.
I was actually wondering if OB woudl not cut the dividend. Because Obama wants to raise the taxes up substantially on dividends, even tho' corporate taxes aleady paid once. But it won't matter because I rememberd that WTM, the biggest dividend beneficiary, is based in in Bermuda supposedlty. Other companies may reduce the dividend because of onerous taxes on them. But, if it's right, that WTM is Bermuda based, maybe they won't pay the increased tax? So if OB holds the dividend around 6.4%, and if others cut, it will make OB more attractive?
"Obama wants to raise the taxes up substantially on dividends"---anyone who voted for this "where were you born Muslim" deserves to pay higher dividend taxes ---- how did a MAXIMUM of a ONE-TERM PRESIDENT ever win a second term??????? Sad day in America.