I agree with your statements. It still allows for the family to eventually buyout the remaining shareholders using available cash as even a $0.10 annual dividend would keep the cash balance growing as the company generate more than $0.10 per year in free cash flow. The company doesn't need this level of cash, so it should be returning that cash to its shareholders.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.