4 ms·

Wow they announced their first-ever dividend (following Meta which announced theirs last quarter).

• lupire 2y ago
  Leading from behind.
  • guyzero 2y ago
    yes, thank goodness Meta finally invented dividends.
    • jldugger 2y ago
      was there a tax law change that motivated this versus more buybacks?
      • mtremsal 2y ago
        they're doing both?
        • jldugger 2y ago
          Sure, but why do both and why now?
          • 1024core 2y ago
            por que no los dos....?
            • jldugger 2y ago
              My expectation is that whatever logic held up last quarter held up this quarter. It's possible the optimal allocation is some of both, but what's the tradeoff that would drive that instead of one being mathematically superior to the other?
      • mrep 2y ago
        Yes, they've started taxing stock buybacks (albeit it started a year ago): https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-corporate-stock-repurchase-excise-tax-in-advance-of-forthcoming-regulations https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-...
  • wferrell 2y ago
    fast follow ;)