I agree but this vote, if it passes only requires the board to explore the possibility. The idea that they wanted to strike the question from a shareholder vote and the comments from investor relations suggesting that they didn't think it was necessary are not exactly inspiring.
is 250M shares at ~$16/share. 3 days average trading volume. The board needs to start looking for new management. Its inexplicable that Mgmt did not nail both qualitative and quantitative reviews. I'd love to see an activist investor jump in here and argue for the breakup of the company. The fact that they didn't nail both tests demonstrates that's it too big to manage - effectively by the current management.
An additional 0.04 dividend representing a sum of 0.09 and a 6B buyback. That would represent 3.6B in annual dividends and, of course 6B in buy backs which I think is well within reason but probably strong considering the recent 10K. My preference would be buybacks vs. (taxable) dividends.