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Eads Pays Controversial Dividend To Shareholders.  
User currently offlineUSAF336TFS From United States of America, joined Apr 2005, 1445 posts, RR: 51
Posted (7 years 5 months 3 weeks 7 hours ago) and read 1495 times:

From DefenseNews.com:

Shareholders Approve EADS Dividend Payment

By PIERRE TRAN, PARIS

"EADS shareholders voted at their annual meeting May 4 to pay a controversially low dividend of 0.12 euros per share, 81 percent less than the previous year’s payout, the company said in a statement.
A decision on whether to pay the dividend, totaling 99 million euros ($134.5 million), had to be put to the shareholders because the EADS board and main French and German shareholders were deadlocked over the principle of a profit distribution while the company was roiled in conflict with workers."

Full Story:

http://www.defensenews.com/story.php?F=2735677&C=europe


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6 replies: All unread, jump to last
 
User currently offlineBoomBoom From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 5 months 3 weeks 7 hours ago) and read 1433 times:

It sounds like it was a lively meeting:

Quote:

The tone was set early as EADS' French co-Chairman Arnaud Lagardere was interrupted by a shouting shareholder before he had finished his opening remarks.

“Sir, you will have the chance to ask questions and receive answers later in the meeting,” Lagardere said.

“If you want to reduce your work force, you should start with yourself,” said Errol Keyner, representing the Dutch shareholders' organization VEB. “One CEO, one chairman, that's how you lead by example.”

“Sometimes I feel that the competition between the A350 and Boeing's 787 is already lost,” said a woman who identified herself as Miriam Lange.

Shareholders approved a 0.12 euros ($0.16) dividend at the meeting, down from 0.65 euros last year, and a motion allowing the company to issue new shares if need be.

But “we feel a capital increase is not necessary at this time,” Lagardere said. “We feel it's the worst way” to raise money.

http://www.signonsandiego.com/news/b...0070504-1014-netherlands-eads.html


User currently offlineContnlEliteCMH From United States of America, joined Mar 2005, 1464 posts, RR: 44
Reply 2, posted (7 years 5 months 3 weeks 7 hours ago) and read 1422 times:

If you're not a growth stock, a dividend is a great way to ensure that your market cap doesn't take a hit as savvy investors look for something that actually provides a return. If the stock isn't moving up, and there's no dividend, why keep it? Then again, I'm not sure a 0.12 euro dividend is going to be enough incentive.

Also, SignOnSanDiego article says this:

Shareholders approved a 0.12 euros ($0.16) dividend at the meeting, down from 0.65 euros last year, and a motion allowing the company to issue new shares if need be.

But “we feel a capital increase is not necessary at this time,” Lagardere said. “We feel it's the worst way” to raise money.


Floating new stock is "the worst say" to raise money. Wow. That's going to stir the pot around here!

[Edited 2007-05-07 17:27:53]


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User currently offlineSunriseValley From Canada, joined Jul 2004, 5054 posts, RR: 5
Reply 3, posted (7 years 5 months 2 weeks 6 days 21 hours ago) and read 1304 times:

Quoting ContnlEliteCMH (Reply 2):
But “we feel a capital increase is not necessary at this time,” Lagardere said. “We feel it's the worst way” to raise money.

Most certainly when you can go to the government and get it for virtually nothing on the never-never plan.


User currently offlineXT6Wagon From United States of America, joined Feb 2007, 3417 posts, RR: 4
Reply 4, posted (7 years 5 months 2 weeks 6 days 21 hours ago) and read 1285 times:

Wait, so they lose money, and they feel the need to kick out money that they can't afford to spend?

User currently offlineWsp From Germany, joined May 2007, 458 posts, RR: 0
Reply 5, posted (7 years 5 months 2 weeks 6 days 20 hours ago) and read 1259 times:

Quoting XT6Wagon (Reply 4):
so they lose money

They posted a profit.


User currently offlineCupraIbiza From Australia, joined Feb 2007, 836 posts, RR: 6
Reply 6, posted (7 years 5 months 2 weeks 6 days 18 hours ago) and read 1201 times:

Quoting ContnlEliteCMH (Reply 2):
Floating new stock is "the worst say" to raise money. Wow. That's going to stir the pot around here!

With interest rates so low around the world (in historical terms), debt is much cheaper than equity.



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