What a mess in here! Have been followed this for a while, though...

What a mess in here! Have been followed this for a while, though they do pay dividend before but it does not make sense to me this way as why you want to pay dividend why you still have debt burden? With mature corp this OK because this can be explained by their capital structure management but not suitable for such a small or pennies like BPS, and for this I just cant buy into it. Now they raise capital for futher dilution with the purpose of buying back and dividend payment. What a joke in here, you just give back your own shareholders’ money, no value creation but just further decreasing shareholders’ wealth.