SMH said it would come in at $240 million. Wrong. It is actually $264 million. The difference is that they are not going to payout a dividend above earnings so the divi has been reduced 8% from .339 to .31 which is incidently the predicted earnings per share. Great. I don't like companies paying out dividends more than earnings. In fact if a company is making more than bank interest I want the money reinvested in the company in the form of buy back or a wise core investment.
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- smh article was wrong...$264 million
smh article was wrong...$264 million
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$2.04 |
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Mkt cap ! $8.049B |
Open | High | Low | Value | Volume |
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14 | 373909 | 2.020 |
17 | 122180 | 2.010 |
33 | 100917 | 2.000 |
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Price($) | Vol. | No. |
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2.060 | 137924 | 4 |
2.070 | 51955 | 5 |
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