The Devil's In The (Cash) Details
Some recent articles have thrown cold water on the possibility of a big surge in cash payouts now that companies are beginning to pare their massive cash hoards. Economic conditions are still too weak, and foreign earnings on US balance sheets would be taxed if brought home for this purpose. Managements aren’t always the best stewards of capital and often don’t time their cash-giving well.
Joseph G Paul
July 14, 2011