Total net profit for final quarter $70 million. Total net profit for 2016 $248 million. In comparison the total net profit for final quarter 2015 was $138 million and for the whole of 2015 $1.7 Billion. Can someone therefore explain to me how the hell the share dividend for 2016 was $2.43 and the share dividend for 2015 was $2.05. It seems that the worst this company performs the more it pays the share holders. No wonder it's sinking. This so called future explosion of data storage that the senior management keep telling us is going to happen better come soon because the figures don't look too good.
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Pretty simple. Execs own shares, they know company is going down so their paying themselves as much as they can in as many forms as they can.
what ever this sh--e company does, it will still sink, giving out higher dividend to share holder, will even sink faster than titanic.
It's a kind of strategy to attract hot money
Profit share?