Mouton---any reaction to this?
From Barrons, IDT has decided to suspend its 4 quarterly dividend
payments for all of 2013 in light of looming 12/31/2-12 expiration of 15% tax rate. Instead it will distribute in 11/2012 a special dividend of $0.60 equal to the sum of the 4 suspended quarterly
payments which, it is said, will be treated as a return of capital, not a dividend. All that ahead of the election, not after.
I wonder how many other share-holder friendly companies with plenty of cash might do the same, either before or after the election, but before 12/31 in any event.
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