why ? a) CSL has been doing this for at least 4 years .. they have gone from $ 60 to $ 200 on continous buy back. b) a nominal dividend would make difference... FMG, RIO and BHP do this at around 1% of earnings.
a GXY 0.1% dividend would attract interest from both big and little investors. (Hypotheisis ... Does shortman see the dividend paying stocks are less likely to be shorted ? )
dividend also allows residential aust to claim being an investor ( 50% CGD) versus being a trader ( No Discount).
