Two-Buck Chuck
Dish Network announced good results today, including a special $2 dividend:
Dish Network Corp. (DISH) Chief Executive Charles Ergen said Monday that dividends are "always on the table" for the satellite-TV provider.
The comments come on the heels of Dish’s $2-per-share dividend payout, which took Wall Street by surprise because the company tends to avoid returning cash to shareholders.
Dish did attempt to use the cash to make an acquisition or reinvest in the business, but couldn’t find a good use for the funds, Ergen told analysts Monday. He was reluctant to spend on the business with the overhang of TiVo Inc. (TIVO) litigation still lingering.
Although the opinion at Barron’s is to take the money, I think the prospects remain good for satellite TV.
Cheers!
