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This time Arcus is offering £16.30 a share plus a 20p dividend, somewhat less than the rumours of a near £20 offer doing the rounds at the end of last week.
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The REITs' high dividend structure somewhat mitigates the effect, but those high dividends mean that some REITs' payout exceeded the amount cash they took in (as measured by funds from operations).
Mr. Rogers, who has managed this fund since 1985, said that dividends were somewhat out of fashion in the 1990s.
The big dividend may limit somewhat Ford's ability to undertake further large acquisitions; Ford bought Volvo Cars a year ago and agreed last month to buy Land Rover from BMW.
"We believe that the dividend positive is somewhat offset by out-year EPS risk and Vioxx uncertainty," it said.
Berkshire's insurance subsidiaries pay a tax rate on dividends that is somewhat higher than that applying to non-insurance companies, though the rate is still well below the 35% hitting capital gains.
Financial analysts had expected DaimlerChrysler to revise its 2002 projection down and to reduce the dividend, but they were somewhat surprised by the extent of both.
Because your tax obligation is lower or non-existent on munis, their dividends tend to be somewhat lower than those paid on similarly risky taxable bonds.
Because the evidence suggests that stock returns are somewhat predictable from dividend yields and other market information.
The companies said the deal would bring some $3.5 billion into South Africa as investors are paid for their shares, but that flow will be offset somewhat by the De Beers dividend payments to Anglo afterward.
Remember that since you're using the company's past DPS value, your estimate for future dividend payments may end up differing somewhat from the actual number.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com