I'm a relative newcomer to LO and not sure how they've handled divies and buybacks historically. I noticed they just sold $500M in debt. Does this mean they will be doing a buyback instead of a divie increase?
Yeah I forgot about that. A bump once a year after the annual earnings news makes perfect sense. It's just that MF posted 'news' this week that they were maintaining the divie at 0.55 ... made it sound like an increase may have been expected. MF is really useless noise.