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.
Libbey (LBY) Reports Q4 Loss; Suspends 401(k) Match and Dividend
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Libbey Inc. (NYSE: LBY) reports Q4 loss of $1.61, ex-items, versus the analyst estimate of ($0.52). Revenue for the quarter was $186.6 million, versus the consensus of $194.63 million.
Suspension of the 401 (k) match for all salaried and non-union hourly employees.
Libbey has announced that, in light of current economic conditions, its Board of Directors has voted to suspend paying its $0.10 per share annual cash dividend on its outstanding common shares. The Company said it will review this decision as circumstances may warrant. The suspension of the dividend is expected to provide approximately $1.5 million of additional liquidity for the Company on an annual basis.
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