United Development (fka UDVE)

[sirotka3]

FNF Declares one time $10 dividend

I figured I would pass this on to you, as this is almost too good to be true....

I spoke to FNF's investor relations. A date of ownership has not been determined yet (the Board of Directors will decide next week a date), but if you purchase your shares on Monday you will be eligible according to the lady I spoke to on the phone. This stock is most likely going to go lower from its current $42 to a $40-39 range, as there is a gap in the share price that needs to be filled (this can be seen on a 6-month chart). Otherwise, this stock is moderately conservative. With a $10 dividend (roughly a 25% payout), this is a gift! You can sell the stock once the dividend is paid, or you can hold the stock and receive their normal 2% dividend.

http://biz.yahoo.com/prnews/050121/flf004_1.html

"The receipt of this funding commitment is integral to our completion of the FIS recapitalization and the payment of the special cash dividend to FNF stockholders," said Chairman and Chief Executive Officer William P. Foley, II. "With this funding commitment, we are now one step closer to having the FNF Board of Directors declare a record date and a payable date for the $10 special cash dividend. We expect that the recapitalization of FIS, the payment of the special cash dividend to FNF stockholders and the closing of the 25 percent minority equity interest sale in FIS will all occur in late February or early March."