It would seem that under your definitions that I would have received 0.044 per share for the year which would have been way more than the company produced.
How do you arrive at that calculation?
And therefore the smaller 3% one would have been better for a regular divivend.
Smaller than what? There was no comparison. That was a STOCK dividend, not cash. It supposedly represented 3% of the shares outstanding, or something. I've never seen a stock dividend described that way before. Usually they say shareholders will receive one restricted share for every 100 shares they own, or something similar.
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