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Corrections Corporation of America Message Board

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  • newMK newMK Aug 1, 1999 11:59 PM Flag

    d%&$** unions

    Flipper must have the night off, so I'll take a
    shot at it. He'll let us know if I'm wrong.

    don't remember the gross numbers exactly, but the
    December special dividend was most recently pojected at
    1.54 per share, assuming 117MM shares, .05 of special
    per quarter for four quarters, and 20+MM of the
    .55/quarter also being counted as special dividend.

    So that would be about 180MM of lump-sum special in
    December. If the shares balloon to 127MM before then, that
    would be 1.42 per share. Of course the fourth quarter
    dividend would probably be similarly diluted.

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