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Thursday, August 30, 2007 2:42:50 PM
Are you kidding?
Why would the OS need to be 353 million for dividends?
If someone has spare time, figure out what the OS was when the dividends were promised.
Record date was in May/Jun for both the dividends. Assuming that each dividend is based solely on the amount of stock in your account (don't get extra dividends on restricted stock), what was the OS in June?
From post 58779: tradeable float was about 14MM in early July.
August 1st the OS was 60 million shares.
An OS of 30MM would only need an OS of around 130MM to cover the dividends. Even if it was 50MM, we would only need an OS of 150MM to cover the dividends, NOT 353 million.
Catch my drift?
--TX
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