111th Quarterly Divy
Last week, a rather boring mid-cap company called EastGroup did a pretty amazing thing in the financial world. They announced their 111th quarterly dividend. You do the math real quick, 111 divided by 4, and that's 27 years of dividend checks to the shareholders of EastGroup.
So much of today's investment market is about flashy stocks and big mergers. I find it comforting to read about a company that understands the power of the dividend and by such understanding they respect the role of the shareholder.
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Sep.08.2007. 18:14
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