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The quarterly dividend rate was 12 cents a share.
The suit over the dividend rate is largely a technical issue, several NBC executives said.
The dividend rate will be adjusted through an auction about every 49 days.
The higher a company's dividend rate, the lower the value of its options.
Decrease the dividend rate to 0, and the option's value goes up to 56%.
Dividend rate adjustments will be through a Dutch auction process every 49 days.
Shareholders pay taxes at the ordinary income tax rate, not the lower dividend rate.
At this point in history, for short time horizons, the interest rate is less than the dividend rate.
This allows Buybacks to complement dividend rates, boosting shareholder returns without an increase in a stable dividend rate.
Post board members also voted to increase the annual dividend rate by 20 cents, to $5.40 a share.
Our current dividend rate on unborrowed cash values is 7.5percentt, which looks pretty good in today's environment.
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