Sometimes you wonder whether the boards of these companies really think about how they are managing the share register...
What a merry go round. Buy back shares, increase the div, but then permit dividend re-investment.
It is like they don't care about the share price, which is what we, the owners of the business, are here for.
It makes you really respect the companies that can keep the share register as tight as a drum. Takes fortitude.
Gosouth
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