Well, this was a surprise. http://finance.yahoo.com/news/lifeway-foods-inc-declares-ann...... today announcement that its Board of Directors declared an annual cash dividend of $0.07 per common share. The dividend is payable on June 29, 2012 to shareholders of record as of the close of business on May 30, 2012...Guess I missed that on their last earnings announcement. That is equivalent to their total cash on hand. I guess they're really comfortable with the amount of free cash flow they're generating (or they are wanting to monetize their holdings...). Doesn't seem like a really smart use of cash to me, if they need to keep growing 20-25%...Howard
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates,