Uhmm.. Do we smell anything fishy here ? With chase trying to buy this at a cheap price, Bear stearns announces Cash dividends for preferred shares
NEW YORK–(BUSINESS WIRE)–The Board of Directors of The Bear Stearns Companies Inc. (NYSE:BSC) declared the following regular quarterly dividends: (i) a cash dividend of $3.075 per share on the outstanding shares of 6.15% Cumulative Preferred Stock, Series E (which is equivalent to 76.875 cents per related depositary share); (ii) a cash dividend of $2.86 per share on the outstanding shares of 5.72% Cumulative Preferred Stock, Series F (which is equivalent to 71.50 cents per related depositary share); and (iii) a cash dividend of $2.745 per share on the outstanding shares of 5.49% Cumulative Preferred Stock, Series G (which is equivalent to 68.625 cents per related depositary share) all payable April 15, 2008 to stockholders of record on March 31, 2008.
I think theres more than what meets the eye
whats your comments ?
Source from my friend Srini Gaddam
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