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State Farm, a mutual company owned by its policyholders with wide discretion in issuing dividends, said the payout was based on better-than-expected earnings in 1999.
NOT everyone on Wall Street is enthusiastic about buybacks, preferring to see a company use its cash to make acquisitions or to share its wealth with stockholders by issuing dividends.
Some Wall Street insiders also question the need to pay bank directors more than their counterparts at other big corporations, arguing that the increased regulation has actually limited bank boards' ability to perform important tasks, like raising capital and issuing dividends.
Google is known for not issuing dividends to its shareholders.
In short, even after issuing dividends and repurchasing shares, Apple's cash reserves will likely grow this year.
Buying back your own shares is an alternative to issuing dividends and proves that you think that your stock is currently underpriced.
Similar(52)
Because interest payments are deductible and dividends are not, the tax code encourages companies to raise capital by borrowing rather than issuing dividend-paying stock.
A key part of the plan proposed by Baker and his colleagues was to refund the revenues raised by a carbon tax by issuing dividend checks to American households.
Now, companies issue dividends.
I don't think Mr. Gates will use the money to shrink the share base or to issue dividends.
Banks will not be able to issue dividends or bonuses unless they prove they can meet the threshold of capital – set at 9% – by the June 2012 deadline.
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