Dividends
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Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
Emerson (EMR) Declares Dividend, Authorizes 80M Share Buyback
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Emerson (NYSE: EMR) declared the regular quarterly cash dividend of thirty cents ($0.30) per share of common stock payable June 10, 2008, to stockholders of record May 16, 2008.
The board also authorized the repurchase of up to 80 million shares of common stock. This authorization is in addition to the 80 million share repurchase program authorized by the board in 2001 (as adjusted for Emerson's December 2006 two-for-one stock split). As of the end of March, the company had purchased 74.4 million of the 80 million shares authorized in 2001, and approximately 782 million common shares were outstanding. [LJ]
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