Patrick:
.88 cents basic
2 for 1
Stays on track with current buyback
I see a lot of 3 for 1, 5 for 1, and 5 for 2 talk, but if I recall at the last annual meeting, the shareholders voted to increase the share authorization to 1,000,000,000, and there are about 360,000,000 outstanding, issued shares. If the Board chooses to pay a stock-split dividend, then they will most likely go for 2 for 1, since they would not have enough authorized shares to do more. Now if the Board decides to make the split subject to shareholder approval, then of course, the game is entirely new since the shareholders can vote to authorize more shares. But my money is on a 2 for 1 split, payable as a stock dividend, and not subject to any shareholder approval. |
