I think its a well-known, well-loved stock already; I don't think they worry too much about liquidity in the trade of the stock.
I would argue that this policy of issuing special dividends every 5 years or so is the very thing that caused ARB to be such a well-known, well-loved stock it is today.
If I imagine how ARB would look like if it followed a different path of never declaring special dividends, I imagine it would look more like REH, an equally impressive company that is very illiquid because it is very tightly held, with a massive balance of franking credits. It would have much less followers than it has today. As a comparison, REH is a company 3 times the size of ARB, but it doesn't have many analysts following it, because nobody can buy enough of the stocks to justify the coverage.
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Last
$41.32 |
Change
-0.600(1.43%) |
Mkt cap ! $3.401B |
Open | High | Low | Value | Volume |
$41.92 | $41.95 | $41.06 | $4.443M | 107.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 486 | $41.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.32 | 207 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 486 | 41.150 |
1 | 608 | 41.110 |
1 | 70 | 40.510 |
2 | 180 | 40.000 |
1 | 17 | 39.970 |
Price($) | Vol. | No. |
---|---|---|
41.430 | 528 | 1 |
41.560 | 150 | 1 |
42.320 | 352 | 2 |
43.900 | 162 | 1 |
44.000 | 600 | 2 |
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