Re: ZA dividend
I didn't get the sense that .20 dividend was going to be an annual thing. I took it as a one time event. I think the market took it that way too.
I do hope that they use their smarts and buy shares back. But I'm skeptical about that. The management seems stodgy and set in its ways. Just hoard the cash. Except that the guy at the top wanted to get some of it... legitimately mind you by issuing a dividend.
That's one thing to be said about ZA. they don't want to be seen as doing anything shady. But that hasn't helped the stock price.
I offer my opinion as I see it. In the end, I may be wrong or I may be right, time will tell. Make your own decisions. Warning: the market often doesn't behave the way we expect it to.