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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7468

Wednesday, 09/04/2013 8:52:03 PM

Wednesday, September 04, 2013 8:52:03 PM

Post# of 29420
HES increases annual dividend from $0.40 to $1.00:

http://finance.yahoo.com/news/hess-increases-quarterly-dividend-150-203000152.html

At the current share price, the new payout has a yield of only 1.3%, but an additional dividend increase is pretty likely in the next year or so.

The dividend boost—along with asset divestitures, the “declassified” BoD (#msg-90975647), and stepped-up share buybacks—is part of HES’ new business model.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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