Well, Mr. Gurnee did say that XIN would report the dividend before the 20th. Tomorrow is the 9th, so can't be much longer.
I would love to see .10 a share, but .03 would be more realistic. I would also love to see an additional buyback of $20 million, but again, gotta be realistic, so hopefully an additional $10 million will be announced.
Either way, I think the report will get us above $4.00 a share. Investors will then get used to XIN being over $4.00 a share, some will take profits, but new investors will hold for additional gains. $4.00+ will be our new norm.
Largely anticipated announcement like the potential dividend announcement will have no additional positive impact if not negative impact on this stock unless it is substantially higher than the market expectation. The dividend has been reflected in the stock price after management revealed it during the Q4 conference call.
No, it hasn't. No one has an idea what it is going to be. With the pause on the annoucement investors are getting worried because they are a Chinese stock, so once announced, investors will be relieved and the stock price will go higher.