Quote Originally Posted by bull.... View Post
at the annual meeting the management commented some shareholders are not happy about special divs as they are fully taxed so they may consider buy back.
be interesting to see what they decide
The results of share buy-backs are always difficult to quantify - CEN is a great example right now. On paper buy-backs are a more efficient way to return capital to shareholders, but shareholders must sell shares to realise the return and there is a cost involved in selling. But a dividend is something every shareholder receives an immediate benefit from. For me, I would take the dividend every time, even if imputation credits are not available