This is not surprising at all. The olympics are Greece's opportunity in the international spotlight. The United States made a fool out of itself in 1996 with the bombing incident and other fiascos. The olympics tend to spur huge gains in tourism for a good number of years after their completion. Makes sense that they would not want to jeopardize this.
Yes it then goes back into the corporation and in theory should eventually increase the value of the stock for the stockholders.
In the past investors preferred receiving dividends as returns on stocks. However recently due to the effect of capital gains taxes it is not usually beneficial for most investors to receive dividend payouts. The theory goes that the less stocks that are outstanding (in general circulation) the higher earnings per share for the stockholders. Which should drive up the value of the stock, giving an indirect return which tends to be a lot more beneficial tax-wise.
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This is not surprising at all. The olympics are Greece's opportunity in the international spotlight. The United States made a fool out of itself in 1996 with the bombing incident and other fiascos. The olympics tend to spur huge gains in tourism for a good number of years after their completion. Makes sense that they would not want to jeopardize this.
In the past investors preferred receiving dividends as returns on stocks. However recently due to the effect of capital gains taxes it is not usually beneficial for most investors to receive dividend payouts. The theory goes that the less stocks that are outstanding (in general circulation) the higher earnings per share for the stockholders. Which should drive up the value of the stock, giving an indirect return which tends to be a lot more beneficial tax-wise.