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Michael Anderson

12/16/10 10:14 AM

#63612 RE: GorillaGorilla #63610

CCME - Would that be considered too low to have the positive effect a dividend should have for this space? Does it defeat the purpose? I believe a dividend is a great thing regardless and shows a company is really looking out for investors, but with the stock being so undervalued currently and the amount of cash CCME has, I would expect a little higher of a yield.

viking86

12/16/10 10:51 AM

#63630 RE: GorillaGorilla #63610

CCME: I am not good at reading legal language but:

a semi-annual cash dividend of 5% to 10% of CME's net profit will be paid upon receipt of the related financial statements by the Board.

means to me: a semi-annual divi will be paid in the amount of 5 to 10% of net profit of ttm. So the annual divi will be about twice that much. But each divi payment will be based on net profit of ttm, so it may differ from the previous one, depending how ttm net profit has changed over the most recent 6 months. That's my take.