Another company's management that suddenly realise that in order to keep their shareholders happy, they need to return to their rightful owners their won cash. So dividends rise.
Unfortunately, too many managements only decide to do what is right when they are under threat and they suddenly realise that they need their shareholders' support.
When that happens, the supposed interest in their shreholders is unconvincing.
Onésimo Alvarez-Moro
See article:
Steel firm Arcelor, which is trying to see off a hostile takeover bid from rival Mittal, is to boost its annual dividend to shareholders by 85%.
Thursday's announcement came as Arcelor unveiled a 66% increase in annual net profits, up to 3.8bn euros ($4.5bn; £2.6bn) for 2005.
On Wednesday, Mittal, the world's largest steel firm, reported that its annual net profits had dropped by 29%.
See full Article.
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