Anodyne
Saturday, June 11, 2016
 
Best early birthday present in a decade: being right.  Largest single holding in real-life Anodyne Inc. does what I guessed it'd do when I began accumulating shares late last year.

"HALIFAX, June 10, 2016 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI) announces that it has adopted a new dividend policy.

[....]

Following the sale of various investments in 2013 and 2014, Clarke has held a considerable amount of cash on hand pending the identification of more attractive investment opportunities. The Company continues to see limited investment opportunities outside of the energy industry. Moreover, the Company does not wish to materially increase its investment exposure to the energy industry at this time.

Clarke's board of directors has, therefore, declared a special dividend in the amount of $2.00 per share, payable on June 27, 2016 to shareholders of record at the end of business on June 16, 2016. The aggregate amount of this dividend is approximately $31.3 million and represents approximately 85% of Clarke's current cash on hand."

- posted by cjb @ 9:42 AM


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