Thread: FDX Dividend
View Single Post
Old 11-25-2008 | 10:50 AM
  #8  
Sea Pig's Avatar
Sea Pig
Line Holder
 
Joined: Apr 2008
Posts: 62
Likes: 0
From: Seat of Pain
Default

I don't think Fred or any of the other directors and officers are counting on the dividend to fill the X-mas stocking.

It has a lot more to do with managing cash on hand and it does send a signal that things are ok - we're in good shape and don't need to be hoarding cash. It totals out at $35Mil which is small potatoes compared to the $1.5Bil in cash on the books at the end of August. Looking at the last 10Q filing, cash on hand grew by $34Mil in the 4th qtr in spite of an $.11 dividend.