I would rather they hike dividends. I don't know if it is worth 27 but I do know it is not far out of line with valuation and hence I am holding it still. I have another tout for you, IBA. I have recently added to my 3 year old position in the stock.
Isn't this a kind of shot across the bow at the large short position? I think of the dividend announcement and the stock buy-back as positive action to try to reduce the short position and increase value on the basis of simply fewer virtual shares on the market.