IRVINE, CA -- (MARKETWIRE) -- 02/28/13 -- BIOLASE, Inc. (NASDAQ: BIOL), the world's leading dental laser manufacturer and distributor, today announced that its Board of Directors has declared a one-half percent stock dividend payable on March 29, 2013, to stockholders of record on March 15, 2013. In addition, the Board adopted a two percent annual stock dividend policy for 2013.
BIOL is like the gift that keeps on giving, now they're going to pay stock dividends to shareholders! Seriously, I was content with patents on Feb 6th, and then FDA approval on Feb 7th. Then two days ago they said they were going after a piece of the $44 billion veterinarian market. Today they added stock dividends to the party!
I was already sold before you swept me off my feet, I'm running out of room to store all this good news. These are not the actions of a board that's asleep at the wheel. They are actively pounding the pavement, and doing what needs to be done to grow.
BIOL is going to give us, shareholders, a bigger piece of the company just for being here. I'll take stock over cash any day. Cash dividend is taxable in the year is given, but stock dividends are taxed when I sell them, allowing each shareholder to decide when it's right for him or her to absorb the tax hit. Plus this allows BIOL to give me a dividend without taking away from usable cash they need to continue being a leader in the field. No reservations about backing the leadership of BIOL! Atta boy guys, give yourselves a pat on the back.
In what strange world is a stock dividend "good new?" It has no value to exisitng share holders and has a paper work cost to Biolase. it is generally used when CEOs are trying to fool unsophistifacte stockholders, like cowbell, I guess.
Uhmm how about in the world (aka reality) where more = more? For every 50 shares I have this year, BIOL will give me one more share that I can sell for market price, or keep.
lol You guys have got to lay off the crack pipe, if you get anymore braindead, you'll need an institution, your smooth brain will look like it was biolasered. Seriously, do you congregate at the coffee pot and see who can come up with the most rediculous things to post? You are entertaining, I'll give you that.