Then what is the point of having to borrow $25m to pay a special dividend that no one has ever brought up before?
Doesn't seem like a prudent decision. If business is so good, just raise the dividened or payout whatever extra cash that is on hand as an extra dividend. But they don't have exta cash on hand; they need to borrow the whole amount. And business isn't so good as reflected in the down earnings last quarter, plus they had to warn that government rental business is slowing. Is it a pre-emptive strike and very disappointing earnings report that is coming?
What is the point of having a special dividend and having to borrow the money for it?