RE: That dividend16 Jan 2024 08:48
Dan
''Or are you getting a bit confused? To divi, or not to divi, that is the question?''
I think it was you who appears confused . Quite straight forward. Not paying the dividend would save about 11% per year of the current market cap per year . Using the money instead to buyback and cancel shares would quickly reduce the share count on which future dividends when resumed would have to be paid . If the money allocated to buybacks was restricted to about 9 cents per share at the start of a yearly programme, that would mean a reducing amount spent on buybacks over time.At the same time a reducing share count would be reflected in the relative price per share.
I am happy for a maintained dividend or zero dividends with an alternative of buybacks for cancellation,or a cut in dividend with a buyback as well.
It just seems a good opportunity to purchase and cancel shares whilst at a very low price.