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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: okee-boy who wrote (1576)5/29/1998 10:54:00 PM
From: Jay Lowe  Read Replies (1) of 4142
 
Q: Looks to me like they raised the "P" dividend to 66.7% A: NO.

Nope, although I did read it that way first and did a massive
double-take. I thought, "Sheesh, Santa Claus is alive and living in Dallas".

The change is that the company will authorize a 3 for 2 SPLIT
instead of a 1 for 2 DIVIDEND.

Same effective number of shares, but no tax liability for the
split as opposed to the dividend.

Neutral for IRA accounts, favorable for regular accounts, VERY favorable for some.
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